Heine Offers Insights Into China’s Lending Strategy in Latin America
Ambassador Jorge Heine, Research Professor at the Frederick S. Pardee School of Global Studies at Boston University, was interviewed for a Voice of America article on China’s foreign direct investment in Latin America.
The article, titled “¿El fin de los préstamos chinos a los gobiernos de Latinoamérica? (The end of Chinese loans to Latin American governments?),” details how China is restructuring its lending strategy in Latin America as countries struggle to make good on their debts. In the case of Venezuela, for example, Heine argues that China “burned its fingers” because the country continues to owe billions to China. He goes on the state that a reason for China’s reoriented lending strategy in the region could be that the country is going to concentrate more on development and internal investment in the coming years.
The full article can be read on Voice of America‘s website.
Ambassador Jorge Heine is a Research Professor at the Pardee School of Global Studies at Boston University. He has served as ambassador of Chile to China (2014-2017), to India (2003-2007) and to South Africa (1994-1999), and as a Cabinet Minister in the Chilean Government. Read more on him here.