August 8, 2024

Chinese loans to Latin America plunge as virus strains ties

Retrieved from El Venezolano

It seemed like a match made in finance heaven. In 2010, China, its economy roaring and state companies looking to expand globally, set its eyes on Latin America, a region starved of capital but rich in natural resources the Asian giant lacked. The result: a record $35 billion in state-to-state loans that year. By Joshua Goodman. Full Text -> MartinsvilleBulletin

Translation/ Traducción