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China offers 35bn fund to finance infrastructure projects in Latin America

Friday, July 18th 2014 - 08:39 UTC
Full article 20 comments

Chinese President Xi Jinping proposed Thursday to create a 20 billion dollars fund to finance infrastructure projects in Latin America and the Caribbean. Read full article

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  • Captain Poppy

    This should expedite strip mining South America.

    Jul 18th, 2014 - 11:18 am - Link - Report abuse 0
  • ChrisR

    I thought Dilma was shit scared of internet spying and now she is welcoming a Portuguese-language version of China's Baidu ISE!

    Doesn't anybody in SA understand even the basics of internet spying?

    All this money and TMBOA broke, apart from her own multi-million dollar private accounts of course.

    Jul 18th, 2014 - 11:20 am - Link - Report abuse 0
  • Mr Ed

    The Marxists finally have a true Shining Path to follow.

    Jul 18th, 2014 - 03:25 pm - Link - Report abuse 0
  • Jack Bauer

    If Dilma wins the presidential elections in October, next year she'll be knocking on China's door, hat in hand, asking for a few billion dollars to finance infrastructure projects in Brazil....most of the money will go straight into private bank accounts in Switzerland, the projects will never get off the ground, if they do, they won't be finished, the taxpayer will foot the bill and no one will be investigated or go to prison. QED.

    Jul 18th, 2014 - 04:31 pm - Link - Report abuse 0
  • Captain Poppy

    Everything will be democratized; the judiciary, the media, the military(lol if that is what they call it), the economy, private businesses. Everything but.......the people's right to self sufficiency and independence from government handouts. The year's 30 of children below the poverty line will be 35% next year. Yup........follow China's model. Oh yes....hey peronists, when you shoot criminals in the back of the head 5 minutes after their 10 minute trial, don't forget to bill the remaining family for the spent round like China.

    Jul 18th, 2014 - 04:37 pm - Link - Report abuse 0
  • aussiesunshinee

    Move over America....there is a new boy in town loaded with cash...

    Jul 18th, 2014 - 04:46 pm - Link - Report abuse 0
  • Captain Poppy

    Yawn!!! Yes and you just borrow 11 billion yuan from them already. The most expensive BJ in recorded history.

    BTW..........America dropped Argentina long ago. The communists are all your's and they do have a few dollars.....as long as they can sell to the USA and Europe. What's that line about eggs and baskets?

    Jul 18th, 2014 - 05:52 pm - Link - Report abuse 0
  • Condorito

    Aaaahhh! The Open Veins!

    When will they stop bleeding us dry!
    First the Spanish imperialists, then the British imperialists, then the Yanqui imperialists ... and now the Chinese imperialists.

    When will we be free from this sacking of our natural resources?

    Jul 18th, 2014 - 06:11 pm - Link - Report abuse 0
  • Captain Poppy

    Perhaps when you learn the learn the concept of self manage. However, I am not so certain that any of China's predecessors where outright after your natural resources as China so desperately need's. When you take the Chinese bait, make sure the Chin has learned what capitalism is, because right now they are merely mimicking like a military macaw. Real market economies are not afraid to have a market priced currency.

    Jul 18th, 2014 - 06:30 pm - Link - Report abuse 0
  • aussiesunshinee

    Wow China is taking over control of South America......prosperity for South America......

    Jul 19th, 2014 - 01:31 pm - Link - Report abuse 0
  • Jack Bauer

    @9, Cap, with your “Perhaps when you learn the learn the concept of self management”, you took the words out of my mouth...
    @10 Aussie, “Wow China is taking over control of South America”......and we can always count on you to make some idiotic remark...China isn't taking control of South America...where d'you get this crap from ?

    Jul 19th, 2014 - 08:23 pm - Link - Report abuse 0
  • aussiesunshinee

    *11 ok secret agent Jack Bauer!!

    Jul 20th, 2014 - 01:30 am - Link - Report abuse 0
  • ilsen

    not looking good longterm. Lat Am should be much more cautious before agreeing terms withh the Chinese.

    Jul 20th, 2014 - 01:55 am - Link - Report abuse 0
  • Jack Bauer

    Maybe we should all consult with Aussie....seems he knows something even Jack Bauer doesn't know.....C'mon Aussie, tell us, are your balls made of crystal ?? can you see what's coming ?

    Jul 20th, 2014 - 05:00 pm - Link - Report abuse 0
  • aussiesunshinee

    *14 Super agent Jack Bauer, really!! with all that tech in your hands and all those CIA agents at your side and...you are asking me..really!!?? you are letting me down.....where is Chloe?? she will find out anything you ask her on that PC of hers.......ummmmmmm

    Jul 21st, 2014 - 01:09 am - Link - Report abuse 0
  • Jack Bauer

    @15 Aussie, if someone makes a statement, they should be ready to back it up with facts if / when challenged. You made a broad statement :
    “Wow China is taking over control of South America”....
    Back it up, or shut up.

    Jul 21st, 2014 - 04:01 pm - Link - Report abuse 0
  • Condorito

    @9
    I wasn't being serious @8.
    ...
    China extending credit to South America is good news all round.

    It is good for those cash strapped countries that require loans but can't get them elsewhere. Infrastructure investment should boost their growth.

    It is good for the countries in the region that trade with them.

    Increased growth in South America is good for the US as they run a trade surplus with the region.

    And of course it is good for the ideologically challenged who might realize that it is not just the evil neo-liberal institutions who like to be repaid.

    But most importantly it will be good for the Chinese who are quickly learning (as they now search Venezuela to find where the $50 billion for infrastructure went) that you don't walk in to South America waving your wad of cash. ¡Cooperaste weon!

    Jul 21st, 2014 - 08:06 pm - Link - Report abuse 0
  • Captain Poppy

    Are they getting Yuan or Dollars?

    Jul 21st, 2014 - 08:13 pm - Link - Report abuse 0
  • Jack Bauer

    That the Chinks are willing to loan money for infrastructure investment in Latin America sounds ok, but would strongly advise them to condition the loans to some form of close supervision of how the money is spent once the projects are defined...o'wise, it's quite likely the money will be squandered by the local politicians, and the Chinks will run the risk of having to wave 'goodbye' to their money...

    Jul 22nd, 2014 - 10:36 pm - Link - Report abuse 0
  • Captain Poppy

    I assume they are expecting infrastructure to deliver their exploited resources.

    Jul 23rd, 2014 - 11:30 pm - Link - Report abuse 0

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