Yao Yang, Peking University writes:
It is news to none that China is expanding its resource-acquisition activities across the world. And in its search for mining and drilling rights, China seems more than willing to work with any government that will help secure such investments, including those accused of rampant corruption or severe human rights violations.
Even in countries with more benign governments, resource exports still may not help to improve living standards for ordinary people, as resource exploitation often leads to environmental degradation and adverse effects from the so-called Dutch disease. China is routinely accused of importing resources from countries caught up in this ‘disease’, before then ‘dumping’ cheap manufactured goods on them. As a result, Chinese international investment is often seen as a form of ‘new colonialism’.