China’s Investments

GallagherAssociated Press
Kevin Gallagher, College of Arts & Sciences

When Venezuela seized billions of dollars in assets from Exxon Mobil and other foreign companies, Chinese state banks and investors didn’t blink…

Expert quote:

“The Chinese play by other rules. We’ll give you financing with no conditions, and we’ll finance things the International Monetary Fund won’t fund, things others won’t fund anymore, like big infrastructure projects. It allows countries to shop around, which has good and bad sides.’’

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