Wed, 27 Jun 2012 14:48:33 GMT
China loans USD10 billion to Latin America
China proposed to establish a special credit line for Latin American states to provide financial aid for infrastructure projects. Wen Jiabao, China's PM, made the proposal during his visit to Latin America. Moreover, he proposed to set up free trade agreement between China and Mercosur, block that includes Brazil, Paraguay, Argentina and Uruguay.