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Jamaica to benefit from cheap Chinese loans 
Tuesday, 11 September 2007 Jamaica stands to benefit from 4 billion yuan or US$530 million in cheap loans being provided by China to Chinese firms investing in the Caribbean.
The state run China Daily newspaper quoted vice president Wu Yi, who is currently hosting the second China-Caribbean Economic and Trade Cooperation Forum in the south eastern city of Xiamen.
The event is being attended by delegates from 13 Caribbean countries including Jamaica, Grenada, Haiti and St. Lucia.
The newspaper reports that as China continues its economic boom, the Caribbean is a growing source for its imports of raw materials such as aluminium oxide and sugar.
In the opposite direction, Caribbean nations are buying increasing amounts of Chinese clothing and other goods.
China has been steadily increasing its gobal investments in recent years.
Analysts say this is to help quench its ever increasing thirst for oil and other raw materials, and also increase its global influence as its political power rises in tandem with its growing economic might.
Tuesday, 11 September 2007 Jamaica stands to benefit from 4 billion yuan or US$530 million in cheap loans being provided by China to Chinese firms investing in the Caribbean.The state run China Daily newspaper quoted vice president Wu Yi, who is currently hosting the second China-Caribbean Economic and Trade Cooperation Forum in the south eastern city of Xiamen.
The event is being attended by delegates from 13 Caribbean countries including Jamaica, Grenada, Haiti and St. Lucia.
The newspaper reports that as China continues its economic boom, the Caribbean is a growing source for its imports of raw materials such as aluminium oxide and sugar.
In the opposite direction, Caribbean nations are buying increasing amounts of Chinese clothing and other goods.
China has been steadily increasing its gobal investments in recent years.
Analysts say this is to help quench its ever increasing thirst for oil and other raw materials, and also increase its global influence as its political power rises in tandem with its growing economic might.
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