www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Economy

Financial cooperation with China can buffer LatAm against external economic shocks

(Xinhua) Updated: 2016-01-12 17:09

New challenges

Still, the region is not a monolithic bloc, but a diverse collection of states. Each reacted differently to the four hikes of a quarter point the Fed has in store to gradually reach a one-percent hike in the interest rate.

"An increasingly stronger dollar could lead to a fall in international prices for raw materials and damage the current account surplus of some South American economies that had benefited from the supercycle in raw materials during the last decade," said Chai.

According to ECLAC, South American economies went from an average growth of 0.6 percent in 2014 to a 1.6 percent contraction in 2015, amid a sharp drop in raw material prices and slow growth in aggregate global demand.

Regional exports also shrank by about 14 percent, dragged down by Venezuela (41 percent), Bolivia (30 percent), Colombia (29 percent) and Ecuador (25 percent), among other countries.

South American economies are expected to shrink by 0.8 percent in 2016, mainly due to a 2 percent contraction in Brazil and 7 percent contraction in Venezuela, ECLAC estimates.

The political upheaval swirling around both Brazil and Venezuela is also expected to erode confidence in the regional market and further cause capital flight toward the United States.

Ecuador, according to Chai, could become another concern due to the dollarization of its currency, as a stronger dollar will make its exports less competitive and raise the cost of financing.

"2016 will be a difficult year for South American countries given the adverse situation, but at the same time, it will be a perfect opportunity to boost financial cooperation between China and the region," said Chai.

Internationalization of the yuan

Financial cooperation between China and Latin America has developed rapidly in recent years, thanks to Chinese President Xi Jinping's three-pronged initiative to use trade, investment and financial cooperation to bolster bilateral ties for mutual benefits.

In 2014, China lent Latin America $22.1 billion, more than the 20 billion provided by the World Bank and the Inter-American Development Bank together, according to a study by the Washington-based Inter-American Dialogue, a center for policy analysis.

Chai believes financial cooperation with China helps the region to diversify both its models and channels of financing, which not only brings greater stability and predictability, but also allows long-term planning.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 玖玖影院在线观看 | 亚洲精品一区二区三区网址 | 久久精品免费一区二区三区 | 亚洲一区 欧美 | 色偷偷在线刺激免费视频 | 久久成人免费播放网站 | 欧美精品午夜久久久伊人 | 性生话一级国产片 | 亚洲成人在线视频 | 免费观看a黄一级视频 | 精品欧美高清一区二区免费 | 三级欧美在线 | 亚洲国产欧美精品一区二区三区 | 波多野结衣在线观看高清免费资源 | 2020国产成人免费视频 | 美女的被男人桶爽网站 | 久久精品免费观看国产软件 | 成年片免费网址网站 | 91成人国产 | 免费看美女毛片 | 天堂8中文在线最新版在线 天堂8资源8在线 | 99久久久久国产 | 又黄又刺激下面流水的视频 | 91精品专区 | 亚洲专区视频 | 中文字幕s级优女区 | 欧美 日韩 国产 成人 在线观看 | 免费观看黄色毛片 | 成人毛片在线视频 | 久久一本色系列综合色 | 性欧美高清久久久久久久 | 一级看片免费视频囗交 | 国产精品二区三区 | 一级视频网站 | 国产精品三级手机在线观看 | 欧美aaaaaabbbbb| 国产精品亚洲第一区柳州莫青 | 三级网站视频 | 亚洲人成网7777777国产 | 国产精品日韩欧美一区二区 | chinese耄耋70老太性 |