MercoPress. South Atlantic News Agency
China has become Latam's banker loaning 102bn dollars from 2005 to 2013
China loaned 102 billion dollars to Latin America between 2005 and 2013, mainly to Venezuela and Argentina, while Mexico seems to be going the same way, according to a release from the Global Economic Governance Initiative which depends from the University of Boston. Read full article
Comments
Disclaimer & comment rules$102b, while significant in absolute terms, is chump change to the PRC. I don't see any sign that Washington has woken up yet.
Apr 10th, 2014 - 06:34 am - Link - Report abuse 0The only ones who'll be chumps are the South American countries who try to stiff the Chinese by not paying back what they owe.
Apr 10th, 2014 - 07:42 am - Link - Report abuse 0After SA burns the Chinese they will be repeating over and over.....“this isn't Kansas anymore”
Apr 10th, 2014 - 10:07 am - Link - Report abuse 0We already know that the United States and Europe are unreliable. So I think we should approach China. China is the biggest trading partner of South America and in a few years will also be our biggest financial partner.
Apr 10th, 2014 - 10:25 am - Link - Report abuse 0#4
Apr 10th, 2014 - 10:48 am - Link - Report abuse 0Which Brasileiro are you ? Your English is understandable and you have not posted a video of the Wehrmacht !
Yes, i am.
Apr 10th, 2014 - 10:55 am - Link - Report abuse 0@4 Wow! US$102 billion over 8 years. Less than US$13 billion a year. From a country with a “supposed” GDP of US$14.9614 TRILLION a year. Who does its figures? Indec? What's the percentage? 0.06% of GDP? But not “giving”, only “loaning”. Meanwhile, little Britain is GIVING 0.7% of GDP. Yep, off you go and get a “loan” from China. Ever head of “foreclosure”? It's a little procedure whereby, having borrowed money that you can't repay, your “property” becomes the “property” of the lender. What shall we call you? “Chizil”? “Braina”? Or, more accurately, “No Braina”? But it's good to see that a place that can't build sufficient soccer stadiums or airport terminals in SIX years is going to get punished. Just imagine how responsible countries are going to respond to their citizens being robbed, raped and murdered. We can imagine “Western” tourists, accustomed to complying with the instructions of law enforcement officers, halting as required. While most latam nationals, afraid of being arrested for any number of their multitudinous crimes, will still be running and shooting back.
Apr 10th, 2014 - 11:08 am - Link - Report abuse 0But the worst is yet to come ...
Apr 10th, 2014 - 11:13 am - Link - Report abuse 0http://www.agprofessional.com/news/China-allows-Brazilian-corn-imports-setback-for-US-254407401.html
http://www.agprofessional.com/news/China-allows-Brazilian-corn-imports-setback-for-US-254407401.html
Venezuela has enjoyed continuous higb oil prices for years. Yet the country is broke and MasBurro has mortgaged the the country in oil futures to China.
Apr 10th, 2014 - 01:19 pm - Link - Report abuse 0Where's the money Maduro? Where's all the money gone?
Brasileiro is a sock puppet identity created by Gollum/Filmus and the paid trolls take it in turn to log in depending on who is on duty same as all the others.
Apr 10th, 2014 - 02:15 pm - Link - Report abuse 0Simples!
Bet the Chinese will not accept 30c on the dollar!
Apr 10th, 2014 - 03:17 pm - Link - Report abuse 0@4 It's a loan - they'll want repayment. Then things will get ugly.
Apr 10th, 2014 - 03:57 pm - Link - Report abuse 012.
Apr 10th, 2014 - 04:17 pm - Link - Report abuse 0Visions of chopped off hands all over South America!
#12 loans and repayment are incongruent grammatical rules in the same sentence in SA. But let them turn to China, the economy is turning to shit and I can't see SA doing better then their overseer.
Apr 10th, 2014 - 04:25 pm - Link - Report abuse 0Already Ecuador is moving away from Chinese loans with payback in oil and issuing bonds again.
Apr 11th, 2014 - 09:40 am - Link - Report abuse 0It is noticeable that much of this financing is heading to Venezuela and Argentina. Indeed Venezuela is groaning under the burden of paying for all its past Chinese financing and loans.
Deluded drones such as Brasileiro think it is good that China will be both the largest trading partner and financial partner of LatAm. Thankfully it might be our largest trading partner but will probably never be our largest financial partner.
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