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“As far as I know, China no longer releases [its] foreign direct investment to Africa country by country.” Or as Lucy Corkin, the China-Africa think-tank expert, explains, “You’ve got Africa, the big black hole of data, and China, the big black hole of data — put the two of them together and it’s a disaster.” That opacity makes it hard to know how much control China’s Communist Party has over events in the sub-Sahara.Anglo-American’s Clem Sunter maintains that the party Politburo “can be likened to the board of the biggest multinational company in the world.” To keep that company growing, the Chinese government has vowed, for example, to transform the city of Chongqing into a megalopolis — the “Chicago of the East” — by 2020, making urbanites of some 12 million farmers.
The problem is, there aren’t yet jobs for 12 million peasants in Chongqing.
So the Politburo is urging some of them to move overseas.
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In 2001, the Politburo set down its global (“go out”) directive, instructing state-owned enterprises to seek long-term access to natural resources.
Varying levels of financial help have accompanied this push, with state-owned Chinese construction companies in Africa getting goodies ranging from export credits to sweetheart credit lines to government guarantees for bank loans.
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