Since China’s Go Global Policy became operational in 2002, it started many new relations with resource-rich developing countries. This paper has as a goal to build on literature about Chinese...Show moreSince China’s Go Global Policy became operational in 2002, it started many new relations with resource-rich developing countries. This paper has as a goal to build on literature about Chinese foreign policy towards resource-rich developing countries, and whether it may be defined as economic imperialist. The bilateral relationship with Peru is taken as a case study, as the country is endowed with mainly copper. Economic figures and statistics reveal that Peru has economically benefited enormously from increased trade and FDI, in terms of GDP growth and poverty reduction. However, the benefits for Peru are stagnating because the basis for industrialization is not present, and does not get developed through the relationship with China. Increase of economic ties by developing countries with China can be beneficial, but do not improve the long-term prospects for reaching the core in the World-System.Show less