China's infrastructure spending spree in Africa
New data reveals the massive amounts of money that China is spending on infrastructure development in Africa. In 2012, according to these figures, China spent a staggering $13 billion on roads, bridges and other infrastructure projects across the continent. By contrast, the United States spent just $791 million during that same time. Given Africa's desperate need for infrastructure, it's assumed that China's largesse is inevitably a good thing but others are concerned that this money may carry a lot of risks.