MercoPress, en Español

Montevideo, April 26th 2024 - 09:59 UTC

 

 

China takes over South Africa’s Standard Bank network in Argentina

Friday, August 5th 2011 - 01:43 UTC
Full article 4 comments

Industrial and Commercial Bank of China Ltd (ICBC) announced Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about 600 million dollars as it expands into South America as part of its global strategy that includes Europe, India and Pakistan. Read full article

Comments

Disclaimer & comment rules
  • geo

    British Empire interests are disrupted step by step !

    Aug 05th, 2011 - 10:53 am - Link - Report abuse 0
  • briton

    i think you may be a bit confuses there oil boy,
    china buys everything, then she will control everything
    then when the time is right,
    the rug will be pulled under all those who do not play ball.

    I think this may be [buying an ecanomicle empire]
    just a thought .

    Aug 05th, 2011 - 08:59 pm - Link - Report abuse 0
  • GeoffWard2

    True, Briton,
    but the rug-pulling will be done most inscrutibly but very firmly.

    The nations of the world will not be told that they must bow to China each morning, but those not doing so will become 'non-countries' where their place in the world is simply the value of the assets waiting to be transfered to China.

    [We saw this when the Roman Empire physically moved the wealth and artifacts of their Empire to Rome; all empires have done the same; China will do it with a total(?) world-wide impact. Though, perhaps, as the whole world becomes owned, the whole world 'becomes China', and artifacts stay increasingly in place of origin, just under distant masters.]

    Argentina will suffer very overt and very direct foreign ownership (but it is a nation of different foreigners already);
    the UK less so, as the artifacts and establishments of earlier empires rub shoulders with those of the new.

    Aug 06th, 2011 - 12:22 pm - Link - Report abuse 0
  • Fido Dido

    British Empire is history. Those ugly brits live in the past and now the UK is a nobody and in the hands of the Chinks and Russians.
    China's Empire? really? Only in Hollywood movies and rhetoric from blowhards. China is comming, but becoming an Empire? They have a long way to go and have to many domestic issues.

    Aug 07th, 2011 - 01:47 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!