China steps up investment in Congo as war in east continues

Chinese state capitalism in action...wannabe imperialists:

China steps up investment in Congo as war in east continues
By John Farmer and Ann Talbot
15 July 2008

The Democratic Republic of the Congo is in the process of receiving $9
billion of Chinese investment in what has been dubbed Congo=92s
=93Marshall Aid Plan,=94 a reference to American refinancing of Europe at
the end of the World War II.

The Chinese are not concerned with rebuilding the economy in Congo
after the destruction of the 1998-2003 war, in which more than five
million people died, mainly from disease and starvation. The accord
between China and DRC signed on January 28 is meant to provide China
the much needed cheap resources for its booming economy=97and the Congo
elite greater op****tunities to enrich themselves.

China=92s Ex****t Im****t Bank, Exim, pledged finance for major road and
rail construction projects and for the rehabilitation of its mining
sector, badly damaged by years of war, corruption and neglect.
According to re****ts, China has already dispatched 5,000 containers
holding mining equipment to renovate mines involved in Katanga
province. Oliver Kamatu, DRC planning minister, said $3 billion will
go towards bringing mining back into operation and $6 billion on
infrastructure projects.

Full: http://wsws.org/articles/2008/jul2008/cong-j15.shtml