^From what I've seen in places like Angola this is simply not the case. The Chinese do not use the European model of trade where a bunch of foreigners come with skills and keep those skills to themselves and take all the profit and pay a small royalty. From what I've seen the majority of money goes to african governments who do business with china, which is also why all the iraq and afghan contracts went to China. They will build all the oil infrastructure and hand over most the money to these governements because they have an incentive for cheap oil. The oil money they forgo is nothing compared to the benefits they get from cheap transportation cost by exporting everything to the west. Ironically Portugal is trying to borrow money from Angola now, so I'd say they seem to be getting a fair deal.
China in Africa: The Real Story
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