‘During colonial times, European powers exploited Africa for the vast resources that it possesses. But what China is doing today is actually much worse. Yes, the Chinese greatly desire African resources, but ultimately what they want is Africa itself. But instead of conquering Africa using military force, China is using economics instead. Today, more than 10,000 Chinese-owned firms are operating in Africa, and virtually every major road, bridge, railway and skyscraper is being built by the Chinese. As a result, most African nations are very deeply indebted to China at this point. And as you will see below, when those debts go bad that gives the Chinese a tremendous amount of leverage.
Many people believe that the endgame for China is to make a whole lot more money and to gain control over a whole lot more resources. And China is undoubtedly pursuing those goals, but as Forbes has noted, ultimately what this is about is turning Africa “into another Chinese continent”…
The reason Chinese corporations are in Africa is simple; to exploit the people and take their resources. It’s the same thing European colonists did during mercantile times, except worse. The Chinese corporations are trying to turn Africa into another Chinese continent. They are squeezing Africa for everything it is worth.
Right now, approximately two million Chinese citizens already live in Africa, and that number is steadily rising with each passing month.’