Is China buying up Africa?

By Samuel Burke, CNN

The world's second superpower is pouring billions of dollars into Africa, running oil and mining firms all over the continent.China is constructing everything from roads and bridges to stadiums and important government buildings.

Is China Buying Africa-2

The headquarters of the African Union, perhaps the most important political building in Africa, was built entirely with Chinese money, to the tune of $200 million. And while China is aggressively investing in Africa, the U.S. appears to be sitting on the sidelines. China has passed the U.S. to become Africa's biggest trading partner. 

Xi Jinping became China's new leader just two weeks ago and right now Xi is in Africa as one part of his first trip abroad as president. Africa is the world's fastest growing market and has the world's richest mineral reserves, so obviously there's money to be made. But do the Chinese want more?

Read more here

http://amanpour.blogs.cnn.com/2013/03/29/is-china-buying-up-africa/

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