China in Africa (Issue Paper)

China in Africa.
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Introduction.
Africa has emerged as a lucrative investment zone for already developed states. Being a developing continent, Africa provides numerous investment chances for international investors in its quest to catch up with the global standards. Infrastructure and technology are the key areas which have real opportunities of investments, development and survival. Technological improvements across the globe have compressed the world into a village hence increasing the rate of exchange and interaction across the globe (Drew, 2005). Africa is a wealthy continent in minerals, oil and natures beauty. Prudent entrepreneurs identify the best opportunity where they can develop a symbiotic relationship with the native society in such areas and possibly gain from the relationship as well as develop the native society.
Since many African nations lack the resources, machinery and skilled manpower to exploit her treasure, developed nations have rose to the occasion and seek to invest and develop Africa as well as acquire the energy and finance needed to run their motherlands. Technological advancement and infrastructural development are major areas which must be improved in Africa hence the existence of the foreign developed states (Robert, 2009). This paper therefore discusses china’s increasing interest in Africa especially in Tanzania, South Africa and Democratic Republic of Congo.
Literature Review.
As a result of the global financial predicament, new states have emerged to compete with the so called world leaders in investments. Traditionally, the western states were the prominent investors in the planet. Africa on the other hand has been considered as a third-word continent hence lacking a proactive and modern authority model (Firoze, 2007). This presumption greatly undermined the overall development of Africa as a continent since the western developed nations only exploited the African potentials. After all they were lone rangers in Africa since other rising global power houses especially from the east such as china were hardly accepted by the African society. However, the African society kept on understanding the hypocrisy employed by the western investors. Over the past decade emerging economic power houses have played a key role in revealing the real value of the African continent to the rest of the world and most importantly to the African society (Christopher, 2007). Africa has long been dominated by the western economic and political culture which gave the westerners a save and cheap opportunity to exploit the treasure of a naïve African society.
However, modernization has greatly revolutionized the nature of relations and ways of conducting business in Africa. Emergence of young economic power houses has diversified the global market hence initiating favorable multinational and bilateral economic agreements. Since they have the capacity to produce ...