CHINA MAY INVEST $1 TRILLION OVERSEAS IN NEXT 5 YEARS
and MAURICIO MACRI, newly elect
president of ARGENTINA wants to cut economic ties with CHINA and RUSSIA in
order to recuperate eco – political ties with the stagnating economies of the US
and EUROPE.
CHINA WILL IMPORT MORE THAN $10
TRILLION IN COMMODITIES
Continuing the carrot and stick
approach to international trade, Premier LI KEQIANG told poorer EUROPEAN and LATIN
AMERICAN nations that CHINA would likely invest in their countries and import
their products if they promised to buy CHINESE products over the next five
years, CHINA is looking to invest more than $1 trillion in eastern EUROPE and LATIN
AMERICA and import more than $10 trillion in commodities, state-backed news
site CHINA Daily reported.
Speaking at the fourth summit of CHINA
and central and eastern EUROPEAN countries in SUZHOU, LI addressed the heads of
16 central and Eastern EUROPEAN nations. He said CHINA could help provide more
flexible funding conditions to those countries as well as to some countries in LATIN
AMERICA to upgrade their infrastructure, as long as they use CHINESE equipment
and products, according to the state paper.
He also said CHINA was exploring
the possibility of establishing a multilateral financial institution with
Central and EASTERN EUROPEAN countries as well as countries in LATIN AMERICA,
as well as a joint fund that would be denominated in CHINESE yuan.
By ASIA Unhedged
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