Paper short abstract:

After the Cold war, China became more engaged in Africa.Primary goals were: access to resources, new markets and obtaining political support.To achieve this, she is using different approaches.Besides getting a "fuel" for continuing this trend, China is providing Africa with capital.

Paper long abstract:

During the last decades, China's presence and influence in Africa has become more visible, primarily through trade and aid. China is growing at phenomenal, almost unprecedented rate, and she needs African resources to continue this trend. But this relationship could be beneficiary for both sides. At the very beginning, reflecting China's economic pragmatism, she was narrowly focused on resources and investment in resource-rich countries. Over time, she had broadened her investment horizons and adopted more holistic approach. Of course, even though it represents a great opportunity, Chinese FDI are posting some serious challenges in front of the African governments. "Dark side of the moon", when it comes to Chinese FDI are poor working conditions, law wages, lack of safety standards around hazardous jobs, low-skilled labour being imported from China, underbidding local firms by importing cheaper goods from China. She is also becoming an important donor to African countries. There is a great difference between China's aid policy, and policies of Western donors. The most important feature of Chinese aid policy is that assistance is provided with "no political strings attached". Also, they are not trying to impose its economic model to recipient country. China has become an attractive alternative to what has been seen as an endless nit-picking of the IMF and Paris club creditors. Chinese capital is creating juncture that could provide many African countries with a real opportunity to determine its own future and achieve development according to their own national context.