Chinese Lending to LAC in 2014
2014 was the second highest year on record for Chinese finance in Latin America.
Jose Torres
February 27, 2015
2014 was the second highest year on record for Chinese finance in Latin America.
Chinese media indicate concern over China’s financial links with Venezuela.
Venezuela accounts for roughly half of China’s total financing in Latin America.
Fueled by Chinese urbanization and growth, Latin America’s exports of metals and ores to China boomed over the past decade.
The Fernández administration’s refusal to comply with a US court order to pay holdout hedge funds has once again landed Argentina in default.
Mexico’s government this month approved supporting secondary legislation that will provide additional direction for the country’s energy reforms.
July coverage focused on President Xi Jinping’s tour of Latin America, which included stops in Brazil, Argentina, Venezuela, and Cuba.
Highlights of President Xi Jinping’s July 2014 visit to Latin America include a BRICS development bank to a series of bilateral agreements.
The creation of the New Development Bank, also known as the BRICS bank, was announced at the BRICS summit in Brazil.
Chinese lending to Latin America and the Caribbean hit an all-time high of $37 billion in 2010.
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