China, the Fierce Partner

In two countries of "Bolivarian" regimes, Ecuador and Venezuela, Chinese investment has found avid business partners over the last ten years. The Asian giant has injected vast financial resources and resources for infrastructure works into both nations, many of them unfinished. But the other side of the coin is the conditions imposed on the partners in draconian contracts that the Chinese entities and companies have subscribed by their local counterparts. In the height of the 21st Century, the foreseeable power of the future imposes terms and conditions of the 19th Century, like the suspension of labor laws, importation of labor, exclusive use rights, more expensive financing, payments in foreign currency, among other nineteenth-century privileges.

Sitio espejo
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