Posted on 09/13/2011 8:58:39 AM PDT by DFG
China announced on Monday it will provide $1 billion in loans to Caribbean countries to finance infrastructure projects as it deepens ties in a region historically linked with the United States.
The loans will be made available through the state-run China Development Bank, China's Vice Premier Wang Qishan told a meeting of Caribbean and Chinese officials in Port of Spain, capital of oil and gas producer Trinidad and Tobago.
"China cannot develop itself in isolation of the world and the world needs China for its development," he said.
(Excerpt) Read more at cnbc.com ...
China’s smart stimulus spending.
“The Chinese are already involved in a $2.6 billion resort project in the Bahamas which broke ground earlier this year. The Baha Mar project — one of the largest tourism developments in the Caribbean — is being financed and built by two Chinese government-owned entities.”
Who do they expect to visit these resorts ?
The Atlantis resort is in trouble because of declining revenues. They would be better off just buying that.
$2.6 billion is a lot of money to spend on a resort in the Bahamas.
They’re looking to build a naval base near the U.S.
A few billion dollars will go a very long way in these small countries. It will buy the Chinese friends where we might be unpleasantly surprised.
infrastructure projects = ports for navy ships
Sounds like Colonialism and Imperialism all rolled up into a nice little package. Now where have we seen this before?
China is notorious for doing this in 3rd world countries. Also they will bribe the government officials, maybe 20% and the taxpayers will end up repaying the bribes. US companies can’t do that because of the Foreign Corrupt Practices Act, but China has no problem paying bribes and putting other countries in their pocket.
So much for the Monroe Doctrine. ;)
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