Georgi Popov

53%
Flag icon
The Chinese companies have an unfair advantage over every other company operating in the Congo, including my own. First, although they claim they are private companies, they all receive funding from the government of China. Basically, this means they receive free money and have almost no cost of capital. You cannot compete on this basis. It is an extremely difficult environment to succeed … The Chinese mining contracts signed by the Kabila government are lopsided and benefit the DRC state and the population very little.
Cobalt Red: How the Blood of the Congo Powers Our Lives
Rate this book
Clear rating
Open Preview