Changes

China’s technique is to sign agreements with governments to build huge infrastructure projects in exchange for minerals. Angola, for example, guaranteed Chinese access to oil in Africa’s fourth largest oil producer; Angola's economy is now booming and it is rebuilding after the massive destruction caused by a civil war that lasted decades.  

China’s technique is to sign agreements with governments to build huge infrastructure projects in exchange for minerals. Angola, for example, guaranteed Chinese access to oil in Africa’s fourth largest oil producer; Angola's economy is now booming and it is rebuilding after the massive destruction caused by a civil war that lasted decades.  

The worldwide [[recession of 2008]], and continued political instability, has cooled China's activity.  As commodity prices have plunged and several of China’s African partners have fallen deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China now demands the same guarantees that Western companies have long sought for their investments: economic and political stability.<ref>Lydia Polgreen, "As Chinese Investments in Africa Drop, Hope Sinks," [http://www.nytimes.com/2009/03/26/world/africa/26chinaafrica.html?_r=1&hpw ''New York Times'' Mar. 25, 2009]</ref>

The worldwide [[recession of 2008]], and continued political instability, has cooled China's activity.  As commodity prices have plunged and several of China’s African partners have fallen deeper into chaos, China has backed away from some of its riskiest and most aggressive plans. China now demands the same guarantees that Western companies have long sought for their investments: economic and political stability.<ref>Lydia Polgreen, "As Chinese Investments in Africa Drop, Hope Sinks," [https://www.nytimes.com/2009/03/26/world/africa/26chinaafrica.html?_r=1&hpw ''New York Times'' Mar. 25, 2009]</ref>

== History ==

== History ==