Tuesday, March 22, 2016

ecns [expanded by feedex.net]: Bolivian leader hopes to attract more Chinese investment

ecns [expanded by feedex.net]

ecns

Bolivian leader hopes to attract more Chinese investment
http://www.ecns.cn/business/2016/03-22/203877.shtml
Mar 22nd 2016, 15:46





Tuesday Mar 22, 2016






Bolivian President Evo Morales on Monday expressed the hope for more China credit and investment in his country.
As part of its policy of reducing undue U.S. influence in the country and the region, Bolivia plans to seek more Chinese credit, as it is cheaper, stable and comes with no strings attached, Morales told a press conference.
Chinese credit carries a lower, fixed interest rate compared to standard loans subject to the market-average Libor rate, which can fluctuate upward, he said, adding that China invested in Latin American countries without any interference in their internal affairs.
Bolivia's foreign debt increased to 6.175 billion U.S. dollars last year, accounting for 18 percent of its gross domestic product. However, the rate remains the lowest among Latin American countries.
The country started to turn to emerging markets for more credit lines and investment since it clashed with the United States over some policies, especially its militarized anti-drug strategies.
Morales said he planned to send a high-level delegation to India to seek new credit lines.
¡¡¡¡


Transcontinental railway 'high priority' for Unasur: Bolivian ministerBolivia hopes to join Chinese-backed transcontinental rail projectChinese, Bolivian presidents exchange congratulations on anniversary of ties




China's aim to explore MarsSophie Marceau takes to Chinese square dancingChina to roll out new five-year plan for energy sectorHow to win at rock, paper, scissorsApple extends product lineup with smaller smartphone, tablet


IMF denies pressing China for more currency data China tests water with 'river chiefs' in water cleanup Battling drug addiction with Confucian wisdom Vehicle violation will affect personal credit record Asian group pushes for leniency for Liang






You are receiving this email because you subscribed to this feed at https://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt

No comments:

Post a Comment