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China in Guyana – the new imperialism?

Feb 20, 2013 Letters

Dear Editor,
From the banks of the Berbice River — Bai Shan Lin Investments, stretching across to the Potaro-Kuribrong Rivers — the Amalia Hydroelectric project,  going on to Corriverton— Skeldon Sugar factory  to the streets of Georgetown — commercial stores and Chinese products  —  and I can go on and on — Chinese influence can be felt everywhere.
Small states like Guyana that have been experiencing diminishing aid from traditional multilateral development agencies rush to fill this void for development financing at very attractive financial terms and conditions that the Chinese offer. Indeed countries like ours are caught in a nexus on the one hand of securing attractive financing. On the other hand,  those vested with godly authority of negotiating a better package of measures that all, I mean every single one of the Chinese investments, to include some way or the other, training programmes, technology transfer and the fostering of local management skills coupled with the reservation of the proportion of Chinese investment and infrastructure projects for local firms and labour.
The experience of many countries in Latin America and the Caribbean provides comparable lessons that it is a two-way street for Chinese investments and commercial activity. These countries have negotiated benefits strongly for trade, services and employment for their people.
Indeed in Guyana one cannot only see it through the lens that the Chinese is an attractive development financier. But from a political viewpoint it can  clearly be seen that China has shifted from its Cold War ideology to the modern pursuit of economic self-interest in the form of access to raw materials, markets and spheres of influence through investment, trade assistance – to the point where China can be suspected of pursuing the goals of any classical imperialist.
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