China Woos Caribbean With Offer of $1 Billion in Loans - CNBC

China Woos Caribbean With Offer of $1 Billion in Loans - CNBC: "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's wooing of the Caribbean is part of a global push by Beijing promoting loans and investment while seeking natural resources and political influence in the developing world from Africa to Latin America.

'via Blog this'