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Reminder that China has some big investment in Nigeria, they even built and operates a railway there.

SlowRobotAhead 8y ago
I’ve been around the world to see some amazing/strange investments by China. Whole office buildings in Malaysia, South Africa, Costa Rica, etc that sit empty because a state-backed investor is speculating that this area will someday be more valuable. No where was this more obvious than Malaysia which is their neighbor... but still crazy to see giant brand new office parks that look abandoned. To your point, it doesn’t at all surprise me about Nigeria because I saw it in ZA. China seems to have a world wide plan for the next century.
- yesforwhat 8y ago
  > China seems to have a world wide plan for the next century. If their government doesn't collapse first.
  - mcv 8y ago
    Xi's apparent desire to become president for life is certainly a liability, but other than that, China comes across as being quite stable.
- theandrewbailey 8y ago
  It's the belt and road initiative. https://en.wikipedia.org/wiki/Belt_and_Road_Initiative https://en.wikipedia.org/wiki/Belt_and_Road_Initiative If it's not a government project, it could also be capital flight. I think it's one of the main drivers of real estate price expansion around the world. There's concern in China that things could collapse in the next 10 to 20 years. Many people seem to think that losing most of your real estate investment is better than losing ALL of your money. https://www.forbes.com/sites/insideasia/2017/02/22/china-capital-flight-migration/ https://www.forbes.com/sites/insideasia/2017/02/22/china-cap...
amelius 8y ago
China has big investments everywhere, also in the US and Europe.
minikites 8y ago
China built the headquarters of the African Union (and then filled it floor to ceiling with bugs: https://qz.com/africa/1192493/china-spied-on-african-union-headquarters-for-five-years/amp/ https://qz.com/africa/1192493/china-spied-on-african-union-h...)

I’ve been around the world to see some amazing/strange investments by China. Whole office buildings in Malaysia, South Africa, Costa Rica, etc that sit empty because a state-backed investor is speculating that this area will someday be more valuable. No where was this more obvious than Malaysia which is their neighbor... but still crazy to see giant brand new office parks that look abandoned. To your point, it doesn’t at all surprise me about Nigeria because I saw it in ZA. China seems to have a world wide plan for the next century.

yesforwhat 8y ago
> China seems to have a world wide plan for the next century. If their government doesn't collapse first.
- mcv 8y ago
  Xi's apparent desire to become president for life is certainly a liability, but other than that, China comes across as being quite stable.
theandrewbailey 8y ago
It's the belt and road initiative. https://en.wikipedia.org/wiki/Belt_and_Road_Initiative https://en.wikipedia.org/wiki/Belt_and_Road_Initiative If it's not a government project, it could also be capital flight. I think it's one of the main drivers of real estate price expansion around the world. There's concern in China that things could collapse in the next 10 to 20 years. Many people seem to think that losing most of your real estate investment is better than losing ALL of your money. https://www.forbes.com/sites/insideasia/2017/02/22/china-capital-flight-migration/ https://www.forbes.com/sites/insideasia/2017/02/22/china-cap...

amelius 8y ago

China has big investments everywhere, also in the US and Europe.

minikites 8y ago

China built the headquarters of the African Union (and then filled it floor to ceiling with bugs: https://qz.com/africa/1192493/china-spied-on-african-union-headquarters-for-five-years/amp/ https://qz.com/africa/1192493/china-spied-on-african-union-h...)