China expansion news
China Development Bank plans Brazil, Russia, Egypt Offices, increasing its economic and political footprint in Latin America and elsewhere, and Beijing courts the Middle East with Arabic TV channel.
China Development Bank Corp., the state-run bank for public works projects, opened its first branch outside the mainland in Hong Kong and plans offices in Russia, Egypt and Brazil as part of a global expansion push.
All but invisible in Latin America a decade ago, China now is building cars in Uruguay, donating a soccer stadium to Costa Rica and lending $10 billion to Brazil's biggest oil company.
Chinese real estate investors based in Hong Kong and Beijing plopped down a small fortune last month and bought a vital piece of French history Chateau Richelieu in the Fronsac region.
A Chinese company has been selected to build 200 new schools in Saudi Arabia that when completed will accommodate 153,000 students.
China Central Television (CCTV) launched an Arabic-language channel for the Middle East and Africa on Saturday as part of the government’s efforts to expand its relations with the Arab and Muslim world.
Kerry Brown, a China expert at Chatham House, says that Chinese relations with Latin America follows a similar pattern as the country's role in Africa. China's overwhelming interest in Latin America is business and resources.