Wandering China

An East/West pulse of China's fourth rise from down under.

China takes investment and lending risks others won’t in going global [Fox News] #China #Americas

China’s consensus building at the southern doorstep of the US – an Americas pivot? Or – is it for the Chinese looking at business, as business.

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China takes investment and lending risks others won’t in going global
By the Associated Press
Source – Fox News, published February 16, 2013

MEXICO CITY – When Venezuela seized billions of dollars in assets from Exxon Mobil and other foreign companies, Chinese state banks and investors didn’t blink. Over the past five years they have loaned Venezuela more than $35 billion.

Elsewhere around the Caribbean, as hotels were struggling to stay afloat in the global economic slowdown, the Chinese response was to bankroll the biggest resort under construction in the Western Hemisphere — a massive hotel, condominium and casino complex in the Bahamas just a few miles from half-empty resorts.

All over the world, from Latin America to the South Pacific, a cash-flush China is funding projects that others won’t, seemingly less concerned by the conventional wisdom of credit ratings and institutions such as the World Bank.

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Filed under: Americas, Beijing Consensus, Charm Offensive, Economics, Finance, Government & Policy, Influence, International Relations, Mapping Feelings, Peaceful Development, Politics, Public Diplomacy, Resources, Soft Power, Strategy, Tao Guang Yang Hui (韬光养晦), The Chinese Identity, Trade, U.S.

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