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  1. Business - Banking & Finance - FINANCING

    'It's almost free money': Chinese banks offer cheap loans abroad

    Posted Jul 19th 2013, 12:00am by Bloomberg

    ... Petroleos Mexicanos received a US$1 billion line of credit from China Eximbank. Separately, CDB made a US$4.02 billion loan to Venezuela's state-owned oil producer. In the four weeks since ... to the banks' press offices went unanswered. In many cases, China is seeking to secure energy supplies. In Venezuela, Brazil, Ecuador and Russia, CDB loans are paid for with oil shipments to China. ...

    http://www.scmp.com/business/banking-finance/article/1285686/its-almost-free-money-chinese-banks-offer-cheap-loans

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