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TOPIC: Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela

Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 25 Apr 2014 14:19 #1

  • Orangeaid
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Chinese lending to Latin America: Flexible friends, China lends disproportionately to countries that lack other options

Apr 12th 2014

THE rise of China has changed every region. But it has reinforced patterns, too. China’s demand for commodities has entrenched Latin America’s position as a supplier of raw materials. The country guzzles oil from Venezuela and Ecuador, copper from Chile, soyabeans from Argentina, and iron ore from Brazil—with which it signed a corn-import deal on April 8th.

Chinese lending to the region also has a strong flavour of natural resources. Data are patchy, but according to new figures from the China-Latin America Finance Database, a joint effort between the Inter-American Dialogue, a think-tank, and Boston University, China committed almost $100 billion to Latin America between 2005 and 2013 (see chart). The biggest dollops by far have come from the China Development Bank (CDB). These sums are meaningful. Chinese lenders committed some $15 billion last year; the World Bank $5.2 billion in fiscal year 2013; foreign commercial banks lent an estimated $17 billion.


More than half of China’s lending to Latin America has been swallowed by Venezuela, which pays much of the loan back from the proceeds of long-term oil sales to China. Ecuador has struck similar deals, as has Petrobras, Brazil’s state-controlled oil firm, which negotiated a $10 billion credit line from CDB in 2009.

Such loan-for-oil arrangements suit the Chinese, and not simply because they help secure long-term energy supplies. They also reduce the risk of lending to less creditworthy countries like Venezuela and Argentina. Money from oil sales is deposited in the oil firm’s Chinese account, from where payments can be directly siphoned.

It is no surprise that Chinese money is welcome in places where financial markets are wary. Ecuador, which defaulted on its debts in 2008, has used Chinese loans both to fill in holes in its budget and to re-establish a record of repayment in advance of trying to tap bond markets again.

But Chinese credit has its attractions in other economies, too. It often makes sense for countries to diversify sources of lending. Loans can open the door to direct investment. And as Kevin Gallagher of Boston University points out, the Chinese banks operate in largely different sectors to the multilaterals. Of the money China has lent in the region since 2005, 85% has gone to infrastructure, energy and mining. Borrowers may have to spend a proportion of their loan on Chinese goods in return; some observers worry about the laxer environmental standards of Chinese banks. But the main thing is that money is available. Expect the loan figures to rise.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 00:28 #2

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The rise or hyperinflation of china was powered the past 33 years by the implosion of the USA...

notice how this sub forum has the least activity...that is because you all are kept as ignorant as possible of economics...those that are knowledgeable of economics...rule those ignorant of economics...which in the end...is the study of power flows.

The top lives off the yield from the bottom...the knowledgeable master minds live off the yield from the ignorant slave minds.

the visible chaos of the graphical user interface or fantasy you believe is reality hides the invisible order of the basic system or reality operating in the background.
Last Edit: 28 Apr 2014 00:28 by HYPERTlGER.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 00:40 #3

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Brazil 20.4%, China 7.4%, Chile 6%, US 5.2%...those are the top consumers of exports from Argentina...

China 17%, US 11.1%, Argentina 7.4%, Netherlands 6.2%...those are the top consumers of Brazil's exports

Hong Kong 17.4%, US 16.7%, Japan 6.8%, South Korea 4.1%...those are the top consumers of China's exports.

China 57.7%, US 8.9%, Japan 4.2%...those are the top consumers of Hong Kong's exports.

The USA used to be either the number 1 consumer of exports or the number 2 consumer of exports had the USA as the number 1 consumer of exports.

prior to 2008...since then...The USA has been collapsing...That is why all the revolutions and sanctions are showing up globally.

since in 1944...the Bretton woods global trade system made the USA the supply of inflation to the world...and the rest of the world the demand.

but in 2008...The USA reached maximum potential to supply the demand of the world for inflation...and it's been collapsing along with the rest of the world after 6 decades of inflation.

Without the QE...the banking system based on credit...would have imploded...
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 01:33 #4

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On inflation hyper, you should check the Bank of England data they've been keeping for 400 years.

England had centuries of 2-3% inflation until the oil price shocks in the 70s. The early 90s recession was "the recession we had to have" as it removed inflation from western economies and returned them to historical long term rates of 2-3%.

China hasn't experienced hyperinflation at all. Far from it. Rates over the last 20 or so years have averaged 4-6% so a bit higher than the west, and there have been two spikes into the high teens and twenties, but that's not hyperinflation.



Where did you get the trade data from? Its incorrect that 17% of chinese exports go to Hong Kong. Go through Hong Kong may be more accurate. Hong Kong companies control the majority of the huge export manufacturing region based around Shenzhen and Guanzhou. The finished product is then shipped elsewhere from Hong Kong, one of the world's busiest container ports.

Hong Kong has a population of about 8 or 9 million. Its pretty illogical to even assert that that market alone would consume more Chinese product than the 320 million or so in the USA.
Last Edit: 28 Apr 2014 01:35 by Orangeaid.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 05:49 #5

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Orangeaid wrote:
Where did you get the trade data from? Its incorrect that 17% of chinese exports go to Hong Kong. Go through Hong Kong may be more accurate. Hong Kong companies control the majority of the huge export manufacturing region based around Shenzhen and Guanzhou. The finished product is then shipped elsewhere from Hong Kong, one of the world's busiest container ports.

Hong Kong has a population of about 8 or 9 million. Its pretty illogical to even assert that that market alone would consume more Chinese product than the 320 million or so in the USA.

The figures quoted seem to be taken from wiki pages, using a search something like "Economy of Brazil" etc. the data is from the right hand column under the block titled External, subsection > Main Export Partners. Which would suggest that Hong Kong may not necessarily be the end consumer of the products, a percentage of which are probably sold on to other markets.

"Whenever you're in conflict with someone, there is one factor that can make the difference between damaging your relationship and deepening it. That factor is attitude." William James
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 07:47 #6

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There is two forces...hyperinflation and hyperdeflation.

The two combined produce the visible inflation or deflation rate.

there is the hyperinflationary demand for 80 million barrels of oil a day...that is supplied by 80 million barrels of hyperdeflation.

when the hyperinflationary demand and hyperdeflationary supply is equal...you get zero...

China has been hyperinflated into what it is the past 33 years due to the massive exportation into China of US consumer debt inflation...it was exponentially growing by 10% per year for the past 30.

China and japan are tied to the USA...so is the EU and UK

As long as there is enough demand in relation to supply or supply in relation to demand...the visible rate of inflation...appears to be small.

you do not even know how the global system set up in 1944 at Bretton woods works or even that it exists.

but you did see the collapse in 2008...there is all sorts of action going on behind the scenes that you do not even know about...and never will...because you do not care...

You don't even have a clue what I'm taking about...
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 08:11 #7

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Please...Hong Kong is the number 3 financial center on the planet...not bad for the former British east India opium drug money laundering operation.

New York just over took London to take Top spot at number 1...and London is number 2.

and another former British east India company port...Singapore is number 4.

If you look...China exports into Hong Kong and then most gets exported back into China.

you know the opium wars...where London forced the Chinese rulers to addict their population to Opium...to reverse the flow of silver to China back to London to balance Trade.

China bought most of the treasuries issued to pay for the invasion of Iraq...to remove the regime...because The Chinese economy is export based and if China does not receive supply...then the EU and USA get no Christmas presents.

London lives off the yield from the rest of the world...around 4 Trillions dollars flows through London a day due to it's connection to the global trade system...

The central bank of England is 320 years old...and all the rest of the central banks are tied to it...The economy is global...the economic zones are nationalist though...the nationalist populations have no idea that they are all enslaved to a global system...ultimately based in London.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 10:18 #8

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Apologies, the data I have seen before commenced in 1694, and inflation over the long term was like 4 or 5%.


Other Central Banks are controlled or tied to the Bank of England. That's rubbish. The Bank of International Settlements based in the birthplace of Zionism, Basel, yes.

The topic to discuss is Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela, and not an open invitation for people to post whilst in the middle of bipolar episodes.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 17:27 #9

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It's not rubbish...that is your opinion.

opinion is based on a French word...The opposite or antynom of which is fact.

meaning...everyone is entitled to their fictions...or lies they believe are Truth.

the entire global credit system is tied to the bank of England and the city of London...not to the bank for international settlements...it is known as the central bank of central banks.

but all the credit creation in the system originates in the 10's of 1000's of individual commercial banks and their 100's of 1000's of branches spread out globally.

I'm trying to get you up to speed on the actual structure of the global trade system so you understand where China has acquired what they are using to invest into Venezuela.

the inflation...which under the Bretton woods global trade system set up in 1944 by Lord Keynes/British husband...a Fabian and his American wife...Harry Dexter white a fellow traveler and Fabian and identified Soviet asset...is from the USA....It is what has powered the roaring 6 decades.

The US consumer supplies China with inflation in the form of US credit...and then the Chinese use this inflation to invest into Venezuela...which is collapsing...since 2008 when the USA began to export more deflation out into the world than inflation...blowing out all the budgets globally...what is reported by the mainstream media is lies you all that are ignorant of Truth are ultimately forced to believe are Truth.

The QE in the USA, UK, EU...and Japan for the past 2 decades is just to keep the banking system in the USA from imploding and sending out a shockwave that would implode banking system of the world...an plunge you all into a violent hyperdeflationary implosion and wipe you all out.

you can see where Bretton woods was implemented on the below chart.

Last Edit: 28 Apr 2014 17:55 by HYPERTlGER.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 17:52 #10

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the top consumers of Venezuela exports...US 39.1%, China 14.3%, India 12%, Netherlands Antilles 7.8%, Cuba 4.6% (2012)

The USA was set up after the 1933 to 1945 bankruptcy reorganization of the crown trade system as the supply of inflation to the rest of the world which is the demand...

and in 2008...The USA reached the maximum potential to supply the demand of the world...the roaring 6 decades peaked following WW2...and since then the USA has been exporting more deflation than inflation...and the entire post WW2 global system is currently in a controlled collapse...to oblivion.

You all are nationalist chattel slaves confined within in your economic zones or countries ruled/governed by the globalist master system and have basically no comprehension of what is going on...

you employ absolute self indulgent reason to solve the problem of continued existence.

like birds of a feather that flock together...There are British birds...and Canadian birds and American birds...like a murder of crows.

your chatter is just the squawks...or effects...of the cause...which you all are ignorant of...you see the effects of course...and think the effects you all are squawking about are causes...but the master system you all are enslaved to is the cause...you all are the effects.

The master system is the lie you believe is Truth that you can fallen in love with...the cherished delusion you believe is Truth.

and you will basically fight to the death to protect what you cherish from harm...that is what the program you are following to the logical conclusion causes you to do...basically until the day you die.

You will spend the rest of your life trying to convince me 1+1=3 since that is what you believe is Truth.

Unfortunately I know 1+1=2 so you will never convince me that the lie you worship as Truth...is Truth.

but the question now is why China...which is staving for resources and investing into Venezuela desperately...is significant.

China is actually beginning to collapse...as the inflation from the USA dries up...and they are doomed...

Why is China investing into Venezuela in a desperate attempt to postpone the inevitable doom they are going to be forced to accept...significant to you?
Last Edit: 28 Apr 2014 17:54 by HYPERTlGER.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 18:04 #11

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Orangeaid wrote:

The Bank of International Settlements based in the birthplace of Zionism, Basel, yes.

Just came across this image and remembered your comment




Basel (Basilea) by "coincidence" is also the city of BASILISKS






EURO BABEL www.annomundi.com/history/eurobabel_2.htm
"The truth must be repeated over and over again,
because error is repeatedly preached among us, not
only by individuals, but by the masses. In periodicals
and cyclopaedias, in schools and universities; every-
where, in fact, error prevails, and is quite easy in the
feeling that it has a decided majority on its side."

~ J. W. v. Goethe

Johannes Lang "The Hollow World Theory" Blog
My Zone by PFIZIPFEI
Last Edit: 28 Apr 2014 18:17 by PFIZIPFEI.
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Chinese demand for Latin American resources makes it a major lender to the continent - especially Venezuela 28 Apr 2014 19:09 #12

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Yes following WW1 the bank for international settlements and the league of nations was set up with the British pound being the global trade medium of exchange....and the post WW1 looting of Germany sustained the roaring 20's which peaked in 1929 and collapsed down into the 1933 to 1945 bankruptcy of the crown global trade system with 1939 to 1945 being the liquidation climax...then the Bretton woods global trade system was set up...The world bank and the IMF with the US Dollar as the global trade medium of exchange along with The united nations was set up...and the post WW2 looting of the world sustained the roaring 6 decades...that peaked in 2008...and since then The global system has been collapsing back down into a collapse.

you all are just nationalist chattel ruled by the globalist master system that is beyond your abilities to comprehend...

Who do you think set up the education system you went through?

slaves for the master?

or the master for the slaves?

The powers that be...taught you all how to read write do math and how to think.

you were born into the game the masters own and designed so they win by default.

of course the beauty of the game you all are playing is that all the players think they are winning or going to win...until the logical conclusion is reached...with the logical conclusion of any game being game over.

where all the losers that thought they were winning or going to win...find out they were losers all along.

The owners have been preparing for the end from the start.

you all just follow along and speculate.

I have been studying the master system since I was 8 years old...you do not even know it exists.
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