Frank Dikötter reviews a new book on China's trade policies in the developing world:
From the copper mines of the Democratic Republic of Congo to the natural gas holdings of Turkmenistan, a giant octopus extends its tentacles, trading finished products for natural resources. In South America 90 per cent of exports to China are unprocessed or barely processed natural resources. The proportion is about the same for Africa. China not only extracts, it also constructs. In what the authors call 'stadium diplomacy', dozens of 'friendship stadiums' are presented as gifts to countries around the world. Critics characterise them as Trojan horses used to conquer local markets.
(Photo of a stadium in Togo, Gabon by Flickr user Panoramas)