China grants US$15 billion in loans to Brazil in 2016 | El Pais Brasil

[Martian2]

China grants US$15 billion in loans to Brazil in 2016 | El Pais Brasil

According to the newspaper El Pais Brasil, China granted an enormous US$15 billion in loans to Brazil in 2016.

This means Brazil is able to weather its recession with the help of a Chinese financial lifeline.

The first citation below is in English. The second citation is the original news report from El Pais Brasil in Portuguese.
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China grants US$15 billion in loans to Brazil in 2016 | MacauHub

"Financial institutions in China in 2016 granted loans to Brazil of US$15 billion, a record which coincided with one of the most economically and politically turbulent years in Brazil, newspaper El País Brasil reported.

The Spanish newspaper, citing the annual report from the centre for Inter-American Dialogue, said that the 2016 loans added to those granted in 2015 meant that Brazil is the second largest debtor of Chinese banks in Latin America, surpassed only by Venezuela.

China granted loans worth US$21.2 billion to Latin America in 2016, more than the loans granted by the World Bank and the Inter-American Development Bank together, and 72% of that total was for Brazil."

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China se transforma no grande banqueiro do Brasil | El Pais Brasil

 

[Kiss_of_the_Dragon]

Yes, China should build a strong relation with South America countries, strong south America nations is in China's interest.

 

[kankan326]

15 billion US$. This's huge amount of money. I bet no other country on the earth would help Brazil so much, even the world strongest country ,US

 

[SBUS-CXK]

Brazil, Brazil...
I remember when I was in middle school, my teacher told me that it is a developed country.

 

[breakingbad]

15 billion US$. This's huge amount of money. I bet no other country on the earth would help Brazil so much, even the world strongest country ,US

Actually if u read the article , its to a petroleum co. in Brazil and already repayment in the form of oil is being made to China.
The foreign exchange reserves of Brazil are 365 billion usd.

Brazil, Brazil...
I remember when I was in middle school, my teacher told me that it is a developed country.

Brazil is like China , i have been in both countries recently , with similar per capitas.
But biggest advantage of Brazil is its low population base of 200 million.
The income divide is like any other country with the whites at the top and the blacks at the bottom.
But its a developed country in many aspects with good public transport , skilled manpower , good living stds . Even their slums are not like asian slums . Rather proper houses.

 

[SBUS-CXK]

Brazil is like China , i have been in both countries recently , with similar per capitas.
But biggest advantage of Brazil is its low population base of 200 million.
The income divide is like any other country with the whites at the top and the blacks at the bottom.
But its a developed country in many aspects with good public transport , skilled manpower , good living stds . Even their slums are not like asian slums . Rather proper houses.

Brazil is more like South africa. The process of industrialization was almost interrupted...Oh, it's the world's 5 largest rogue do, US, Russia, France, UK. and the weather is good today

 

[SHAH820]

oh no china is giving loan to brazil, brazil is doomed now china will trap brazil in its debt then colonize it !!!!!!

 

[kankan326]

Brazil is like China , i have been in both countries recently , with similar per capitas.
But biggest advantage of Brazil is its low population base of 200 million.
The income divide is like any other country with the whites at the top and the blacks at the bottom.
But its a developed country in many aspects with good public transport , skilled manpower , good living stds . Even their slums are not like asian slums . Rather proper houses.

No. Brazil is a mineral seller. Quite different with China. By the way, you have been to Brazil slum? You really got balls I gotta say.

 

[breakingbad]

No. Brazil is a mineral seller. Quite different with China. By the way, you have been to Brazil slum? You really got balls I gotta say.

Actually the quality of their infrastracture is quite good. The vibe in Brazil is very different from China. Its relaxed as compared to China where everyone looks in a rush.
Well we went to a slum area by mistake and were quickly put in a taxi and sent to the local metro stn by the local authorities .

 

[Jlaw]

Brazil, Brazil...
I remember when I was in middle school, my teacher told me that it is a developed country.

Developed country. Your teacher was misinformed.

 

[shahbaz baig]

China should make a block with friendly ally countries. BRICS (no matter what "I" is saying) and ECO merger will do trick.

 

[AndrewJin]

Developed country. Your teacher was misinformed.

Brazil is a hard-core developing country,
China's life expectancy is 1-2 years longer than Brazil's.
Healthy life expectancy 3 years

 

[SBUS-CXK]

Actually the quality of their infrastracture is quite good. The vibe in Brazil is very different from China. Its relaxed as compared to China where everyone looks in a rush.
Well we went to a slum area by mistake and were quickly put in a taxi and sent to the local metro stn by the local authorities .

So the process of industrialization in Brazil was interrupted. It will stay in this position, will not progress.

BTW, according to GREE (China and the world's largest air conditioner manufacturer) in Brazil factory, Brazil workers wages are very low. But many Brazil workers rely on GREE's wages as the main source of income.

 

[breakingbad]

So the process of industrialization in Brazil was interrupted. It will stay in this position, will not progress.

BTW, according to GREE (China and the world's largest air conditioner manufacturer) in Brazil factory, Brazil workers wages are very low. But many Brazil workers rely on GREE's wages as the main source of income.

Actually the spectrum of developing countries is pretty wide.
At one end is India and neighbours with a per capita of 1600 usd and 20 % poverty level ; while at the other end is Brazil with a per capita of 8000 usd . Though per capita as per PPP gives a better picture of living stds.
Now China has also entered the Brazil spectrum of developing countries.
But Brazil was historically never a wretchedly poor country like India with mass famines (1950s)and high population density.

 

[SBUS-CXK]

Actually the spectrum of developing countries is pretty wide.
At one end is India and neighbours with a per capita of 1600 usd and 20 % poverty level ; while at the other end is Brazil with a per capita of 8000 usd . Though per capita as per PPP gives a better picture of living stds.
Now China has also entered the Brazil spectrum of developing countries.
But Brazil was historically never a wretchedly poor country like India with mass famines (1950s)and high population density.

Every developed country have gone through the road is full of sweat or blood. There are no flowers and applause on this road, If you want to have flowers and applause on this road. Please stop progress...

For example... Oh, South Africa, you are a developed country, I sing for you! Oh, Mandela, you are the greatest man in the world! 5 rogues sing to you!

You interrupted South Africa's nuclear program. 5 rogues sing to you!
You completely dismantle the nuclear industry in South africa.5 rogues sing to you!
You destroy the South African military industry that can make airplanes. 5 rogues sing to you!
You destroy the manufacturing industry in South Africa. 5 rogues sing to you!
You break trade barriers in South afric., 5 rogues sing to you!
You handed the gold mining rights to US and UK. 5 rogues sing to you!
You open the financial market to china. 5 rogues sing to you!
You put the South African port and shipping industry to give the 5 rogue. 5 rogues sing to you!
All in all, the Boer government would rather die than consent, Mandela all agree.

Oh, btw, in order to solve the problem of employment, Mandela let black into the police force, has a good law and order of South Africa, is now one of the world's largest rape cases... India should sing for him....

Applause.... South Africa is now a developed country.
So, who's next?