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China surges into Latin America
date:Aug 01, 2013
ia attention. Chinese cash has been poured in by Chinas policy banks chiefly the China Development Bank and the Export-Import Bank of China which have pumped more than USD 86 billion (EUR 64.8 billion) in loans to Latin American countries since 2005. Chinese loans are aimed at resources as well as infrastructure tied to the extraction of resources. In return Latin American states, particularly Ecuador and Venezuela, have become increasingly important markets for Chinese consumer goods and proc

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