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CONTRARY to the claims of critics,China's partnerships with African nations are based on sincere friendship,equality and mutual respect for national sovereignty.This is demonstrated through non-interference in domestic affairs and loans and grants.
The emergence of China on the global economic stage has received much attention,perhaps more than any emerging economy the world has seen,for several reasons.The sudden and astronomical increase of Chinese outbound FDI (UNCTAD 2009)and the nature of these FDI are compelling topics.This is especially true as this surge in FDI defies all traditional principles governing FDI.particularly the FDI aimed at Africa.The continent has an enormous supply of raw materials,enough to capture the attention of any industrialized nation,and China is no exception.Africa has about 99 percent of the world's chrome,85 percent of its platinum,68 percent of its cobalt,54 percent of its gold and a large number of other precious minerals.As a result,the industrialized world's focus on Africa has been such that any investigation into the continent by a potential investor attracts attention and ruspicion.