Five problems with China's economic strategy in Africa:
1.China's investments and returns may be large and headline grabbing, but they don't necessarily produce many jobs.
2.Commodity booms distort local currencies, making it difficult for exporters to sell their goods in foreign markets.
3. Mineral exports encourage curruption.
4. China has not advocated for Africa on the world stage or helped African exporters sell goods in China.
5.China has used its veto power in the United Nations Security Council to consistently limit human-rights protection,preventing action, for instance, on the Darfur crisis. (Peter Eigan's writing for the African Progress Panel, an NGO chaired by Kofi Anan) (p.204)
....
Some African countries --such as Niger, Gabon, and Chad-- have been pushing back against Chinese contractual terms for oil deals, objecting to CNPC's high costs and unfair charges, and even, in at least one case, shutting down oil operations after learning that Chinese firms were dumping excess crude oil in ditches. All of these countries, poor economically but rich in resources, originally welcomed Chinese investment in their nations' oil fields and economic development that they hope investment would spur. But retrospectively, political leaders are realizing that they may be selling their most precious natural commodities without getting enough in return. (pp.205-206)
Source:
Douglas E. Schoen & Melik Kaylan, The Russia-China Axis:The New Cold War and America's Crisis of Leadership (New York, NY: Encounter Books, 2014). ISBN:978-1-59403-756-6.
