国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Macro

Chinese finance new drive to mired LatAm economies

Xinhua | Updated: 2015-03-05 17:42

MEXICO CITY -- As traditional international capital investments turned their backs on Latin America, Chinese finance has become a new drive to the mired economies in the continent, with loans surpassing the combined total of the World Bank and the Inter-American Development Bank.

Chinese lending to Latin America increased over 70 percent to $22 billion in 2014, and many of these loans were announced during Chinese President Xi Jinping's July 2014 trip to the region, according to the latest report by a Washington-based think tank.

Chinese banks continue to finance a different set of countries than the World Bank, the Inter-American Development Bank, and North American and European banks.

Argentina, Brazil, Ecuador and Venezuela, which are not able to borrow as easily in global capital markets, were the focus of Chinese lending in Latin America again in 2014, the report said.

"What is more, Chinese finance comes with few strings attached, " Kevin Gallagher, author of the report, said in his blog article.

China has avoided meddling in the domestic policy of those countries, which is an attractive feature for many Latin America governments, he said.

The China-CELAC (the Community of Latin American and Caribbean States) forum ministerial meeting was held in Beijing on Jan 8-9, defining key areas and specific measures for the overall cooperation from 2015 to 2019 between the two sides.

According to the plans, China will invest at least $250 billion and both sides will strive to achieve a trade volume of $500 billion within a decade.

Since 2005, China has provided more than 119 billion dollars in loan commitments to Latin American countries and firms, the report said.

Under the downward pressure of the world economy, the International Monetary Fund (IMF) estimates that Latin America's economic growth may only reach 2.2 percent in 2015.

This region looks to expand trade with China to diversify exports and increase mutual investment.

In February, Argentine President Cristina Fernandez visited China and signed a series of trade and investment deals, including 6.8-billion-dollar loans from China for the railway and hydropower projects.

China has become an important engine for the world economy, said the Argentine president.

As the second largest economy in the world, China has become one of the most important economic partners to Latin American economies, the largest trading partner to Brazil, the second largest to Argentina.

Trade volume between China and Latin America reached 261.6 billion dollars in 2013, 20 times the amount in 2000.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
寻乌县| 隆林| 明溪县| 达孜县| 杂多县| 昭苏县| 昌宁县| 湛江市| 漳州市| 黎城县| 武山县| 清镇市| 广昌县| 云林县| 随州市| 泊头市| 玉溪市| 和龙市| 潜山县| 昂仁县| 滨州市| 福州市| 泸水县| 德州市| 忻州市| 合山市| 柳林县| 随州市| 东城区| 政和县| 渝中区| 永年县| 嘉祥县| 宁南县| 临漳县| 阜南县| 温泉县| 石楼县| 长葛市| 墨脱县| 灵寿县|