China recently announced $4 billion in loans to Venezuela and $2 billion in loans to Ecuador, which are to be repaid primarily in oil. In recent years, China’s loans, gifts, and investments have financed infrastructure, public works, and even social programs in these countries. But are these loans good deals? What will they mean for the economies of Venezuela and Ecuador? Do they have a political impact? Find out HERE.
Andes, Economics, Energy, Finance, Venezuela
excellent blog I am researching this very topic of Chinese / LatAm cooperation. I believe the greatest significance of China/S.Am deals is the removal of the US dollar from the figures, as the money will be used to construct infrastructure and be repaid in oil. China may be latinamerica's key to not only sovereignty from US/European influence, but also the source of capital and goods exchange that will be the catalyst for S. American unification.
Very good as well. Ask a loan modification attorney, even though North America and China are economic rivals, they are quite potent when helping developing countries.
There are many things to consider when it comes to national debt. Thankfully my bad credit auto loans are less complicated than this.
It's good to know that China is helping other countries develop and improve their own nations. Trusting these countries is a big issue but I think China and these countries have certain agreements that led to this decision. China is a rich country and the $4 billion stated above may just be a small amount for them. I hope that China will continue to help other developing countries in Asia , Africa and Europe.
China is a rich and powerful country. I am impressed on the way this country helped a lot of nearby countries like Philippines, Vietnam and other SEA nations including some South American countries. It's good to know that China doesn't close any possibilities of sharing their resources. This is the reason why China still reigns as one of the richest countries in the world. It even got the title of the Digital Capital of the world since it is the place where famous gadgets are being assembled.
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China should continue helping its nearby countries and nations. This will give them a positive ratings from the world. China is a rich country and it's good for them to share their blessings with other countries. I am pretty sure that more investors will try to invest in China.
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