Chinese Financing News Today

Chinas Belt and Road Initiative (BRI) projects have caused significant damage to the environment across all countries where they were implemented, according to various reports. The projects have exacerbated climate change in vulnerable regions by increasing pollution and causing water and soil shortage.

Cpec: Chinas Belt and Road Initiative (BRI) projects have caused significant damage to the environment across all countries where they were implemented, according to various reports. The projects have exacerbated climate change in vulnerable regions by increasing pollution and causing water and soil shortage.

Beijing’s growing investment presence in the country, in particular the growing Chinese interest in lithium, is prompting concerns about economic dependency.

China has been investing heavily in Nepals infrastructure, leading to the countrys growing reliance on Chinese financing.

MEXICO CITY — China has taken a special interest in deepening ties with Latin America over the last twenty years. It’s provided well over $100 billion in loans for the construction of hundreds of local infrastructure projects, from electric grids and trains to bridges and roads. It’s funded new oil fields and the mining of […]

Growing economic needs, Chinese ambition, and hard cash are giving China a stronger foothold in Latin America.

Construction company China Railway Group Limited (CREC) will be in charge of developing, designing, and building the Potosí-Cochabamba highway in Bolivia. The project, however, could wipe out the ecological wealth of the Potosí department, independent investigative journalism platform Diálogo Chino reported.

China’s largest lithium compounds producer, Ganfeng Lithium Co., will acquire Lithea Inc. for $962 million to secure more resources for the production of metals to produce batteries, Reuters reported. Privately owned Lithea Inc. owns rights to lithium salt lakes in Argentina’s mineral rich Salta province.

The Collective on Chinese Financing and Investments, Human Rights and Environment (CICDHA), a nongovernmental organization (NGO) that promotes social, environmental, political, and cultural rights in Latin America, examined some of China’s largest backed projects in Latin America and presented some conclusions on their environmental and human rights impact.

China has spent the last two decades quietly establishing an economic foothold in Latin America, a region that has traditionally relied on Western investment. It’s become the top trade partner for countries like Brazil and Peru, and its banks have given out more than $137 billion in loans since 2005, mostly for infrastructure, energy and […]