China is doing just that in Africa:
Against the backdrop of China-Africa friendly cooperation, China's assistance to African countries totaled RMB 76 billion by September 2009, and issued RMB 46 billion of loans by 2008. China has assisted African countries to complete over 900 projects including textile factories, hydro power plants, stadiums, hospitals and schools, half of which being related to local people's wellbeing.
When Western countries focus on "capacity building" and other "software projects", China pays more attention to investing in "hardware projects" such as roads, bridges, and other infrastructure, which deliver tangible benefits to the locals. The Export-Import Bank of China (China Eximbank), founded in 1994, plays an important role in offering loan support to these infrastructure projects. By September 2006, the China Eximbank had supported 259 projects in 36 African countries, 79% of which are infrastructure projects, including the Benguela Railway of Angola, Merowe Dam of Sudan, and the thermal power plant of Nigeria.
That was in 2009
Here is a listing of China’s involvement in Africa today: http://www.focac.org/eng/zfgx/default.htm, sixteen pages of it, but just scan through one or two of them and you will get the drift.
“The US destroys and China builds,” was how a taxi driver from Ethiopia in Washington DC responded to Chen’s question about China’s main activity in Africa.