In Latin America, the New China Is Here to Stay
In Latin America, the New China Is Here to Stay
- This year, Venezuela’s valentine was China. On February 14, the Asian giant pledged to invest $2.7 billion across 22 projects in the country. China’s investments and loans in exchange for Venezuelan oil account for one of the growing links with Latin America, where China has been the region’s main lender for at least five years, according to Angel Melguizo. "It’s good news, first because Latin America is a region that saves very little," the head of the Latin American and Caribbean Unit in the OECD’s Development Center tells AS/COA Online’s Elizabeth Gonzalez in this podcast episode. China’s loans have helped stabilize the region’s economic slowdown, a sign that China is here to stay, according to Melguizo.
- This year, Venezuela’s valentine was China. On February 14, the Asian giant pledged to invest $2.7 billion across 22 projects in the country. China’s investments and loans in exchange for Venezuelan oil account for one of the growing links with Latin America, where China has been the region’s main lender for at least five years, according to Angel Melguizo. "It’s good news, first because Latin America is a region that saves very little," the head of the Latin American and Caribbean Unit in the OECD’s Development Center tells AS/COA Online’s Elizabeth Gonzalez in this podcast episode. China’s loans have helped stabilize the region’s economic slowdown, a sign that China is here to stay, according to Melguizo.