John C Dvorak has a great blog post about a how a new ‘win-win’ deal the Chinese have done with the Democratic Republic of Congo could cause untold problems for the country. The deal (originally reported by the BBC) is to swap the Congo’s resources (needed by China) for much needed infrastructure. The deal, however, has numerous loopholes, such as the fact that the Chinese don’t have to pay any taxes until they complete the building work, and as Dvorak says “Any bets that they get started on the mining before the 32 hospitals?”

For more, check out the must read article here and the original BBC article and report here, please decide for yourself.

Dvorak will be discussing it on his podcast with Adam Curry ‘No Agenda’ later today, you can download that from here or on iTunes here (both free).

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