The Chinese response to the global economic slowdown has been to bankroll some of the largest developments in the world, including Baha Mar—a massive hotel, condominium and casino complex in the Bahamas.
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.
This is an excerpt from AP/The Japan Times as it appeared on February 25, 2013. For updates or to read the current version of this post in its entirety, please click here.
Minister of State for Finance Michael Halkitis has said in a ZNS news report that he believes that there is light at the end of the tunnel for the economy and that the government's mid-year budget will seek to improve the country's current financial situation.