China changing gears of its Latin America lending strategy

Written on 05/14/2022

Beijing [China], May 14 (ANI): China has changed its lending strategy towards Latin America, and now instead of giving state-to-state loans, it is now focused on financing Chinese firms that operate in the region. China's policy banks stopped offering new loans to Latin American governments in 2020. Instead, the new Chinese financial approach to the region is focused on private financing initiatives in the energy, mining,