China beating U.S. in African investment

A picture taken on October 12, 2012 shows the construction site of the hydroelectric dam of Poubara, that should be completed in July 2013. With 75% of funding from China and 25% from Gabon, the budget for the building of the Poubara dam, near Franceville, amounts to 200 billion of CFAs. AFP PHOTO STEVE JORDAN (Photo credit should read Steve Jordan/AFP/GettyImages)
A picture taken on October 12, 2012 shows the construction site of the hydroelectric dam of Poubara, that should be completed in July 2013. With 75% of funding from China and 25% from Gabon, the budget for the building of the Poubara dam, near Franceville, amounts to 200 billion of CFAs. AFP PHOTO STEVE JORDAN (Photo credit should read Steve Jordan/AFP/GettyImages)

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    China beating U.S. in African investment

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CNN's John Defterios looks at how much money China has invested in Africa and why it's so important for them.