China has lent more loans to developing countries over the past two years than the World Bank
Source: Internet
Author: User
KeywordsLoan past developing two years
"The financial report," according to the FT, said that over the past two years, China has provided at least $110 billion trillion in loans to other developing countries, surpassing the World Bank's number of launches. In 2009 and 2010, the National Development Bank and China's Export-Import Bank issued at least 110 billion dollars in loans to other developing countries and companies, the FT data said. From 2008 to 2010, the bank's counterpart made 100.3 billion of billions of dollars in loan commitments – the scale itself has reached record levels in response to the financial crisis. The article also said the financial crisis caused financing difficulties, which led to a series of loan agreements between the Chinese government and some energy producers, including a massive loan-for-oil deal with Russia, Venezuela and Brazil, and loans to an Indian company to enable it to buy power equipment. , the infrastructure loan project in Ghana, and the railway agreement reached in Argentina. Author: "Caijing" comprehensive report
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