Detailed text transcripts for TV channel - CNN - 20110118:10:34:00
These numbers, you know, talk about checkbook diplomacy, this is checkbook diplomacy on a grand scale, zain. >> and you know, by doing this, china kind of gets its hoofs inside countries by giving them money and those countries kind of owe them. is that part of china's strategy as to why they're doing this? >> that's pretty much part and parcel. this what is it's all about. china first of all has a huge appetite for resources to actually fuel its extraordinary economic growth. it needs everything. it needs a lot of minerals. it's quite resource poor in its own right. that's why you see it do l...
Source: news source