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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (48620)	4/16/2009 1:38:46 AM
From: elmatador	Respond to of 218361

China is stepping in vigorously, offering countries across LATAM large amounts of money while they struggle with sharply slowing economies, a plunge in commodity prices and restricted access to credit. ELMAT: Downloading USD vigorously, it means. Capital spreading at its best! In recent weeks, China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come. ELMAT: When they would be growing vigorously in the next three decades these investiments will pay our for 3 decades. China’s trade with Latin America has grown quickly this decade, making it the region’s second largest trading partner after the United States. But the size and scope of these loans point to a deeper engagement with Latin America at a time when the Obama administration is starting to address the erosion of Washington’s influence in the hemisphere. ELMAT: The axis has moved South-South. Deals Help China Expand Its Sway in Latin America nytimes.com