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China’s Lending Money Again to Countries in the Americas

Chinese lending to countries in Latin America and the Caribbean is gaining momentum. For the second year in a row, China’s two largest policy banks have increased lending to countries in the region, albeit in much smaller amounts than what they did a decade ago.

At the same time, there’s word that China has spent close to a quarter trillion dollars over the past twenty years to bail out dozens of countries struggling to stay afloat under the weight of such much debt.

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