Great article! China seems to be in Latin Ameri
Post# of 2009
Posted On: 02/11/2015 8:51:36 PM
Re: SpearOfDestiny #1257
Great article!
China seems to be in Latin America for more mining resources and other infrastructure and is repaid in oil:
"Since 2007, China has loaned Venezuela more than $50 billion to fund infrastructure, housing and mining projects, which the ailing OPEC member repays in oil shipments. About half of the oil, including fuel oil, that Venezuela ships to China is earmarked explicitly to repay its debts."
"Natural resources from Latin American are critical for China. In Peru alone, Chinese firms have recently invested $1.2 billion in an iron ore mine and $3.5 billion in a copper mine. Beijing-backed firms are also engaged in lithium mining and development in Bolivia."
Whereas China is interested in the United States for the oil and gas and its technology. It does not sound like the South America investment will hurt U S Investment:
"In fact, a 2012 paper from the American University School of International Service concluded that a Chinese role in the region is "not an imminent threat to the United States," and the U.S. "should welcome China's involvement in [Latin American and the Caribbean] by encouraging it to be a responsible and productive stakeholder." "
China seems to be in Latin America for more mining resources and other infrastructure and is repaid in oil:
"Since 2007, China has loaned Venezuela more than $50 billion to fund infrastructure, housing and mining projects, which the ailing OPEC member repays in oil shipments. About half of the oil, including fuel oil, that Venezuela ships to China is earmarked explicitly to repay its debts."
"Natural resources from Latin American are critical for China. In Peru alone, Chinese firms have recently invested $1.2 billion in an iron ore mine and $3.5 billion in a copper mine. Beijing-backed firms are also engaged in lithium mining and development in Bolivia."
Whereas China is interested in the United States for the oil and gas and its technology. It does not sound like the South America investment will hurt U S Investment:
"In fact, a 2012 paper from the American University School of International Service concluded that a Chinese role in the region is "not an imminent threat to the United States," and the U.S. "should welcome China's involvement in [Latin American and the Caribbean] by encouraging it to be a responsible and productive stakeholder." "
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