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Angola has known exploitation before, but China's efforts there have no equal in recent memory. Under a corrupt president, the country has become a massive construction site — but everyday Angolans remain hopeless and empty-handed.

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Looking at the Numbers. Wenjie Chen, an economist in the African Department of the International Monetary Fund (IMF), said there are widespread misconceptions about China's involvement with Africa.

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China is investing billions of dollars in Africa but Beijing has been accused of exploiting the continent's vast mineral and energy resources, at the expense of local people. Premier Li has dismissed talk of any problems as "growing pains" and "isolated incidents".

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China's also started construction companies across Africa, created jobs, and built schools and hospitals. In short, the question I posed above is trickier than it may seem. So I got Doug Casey to tell me what he thinks.