China bank exploring Guyana investment
Guyana Chronicle, 24 May 2007
THE China Development Bank (CDB) is interested in investment here,
according to Zhao Jianping, Assistant Governor of the bank.
The Government Information Agency (GINA) reported that after meeting
President Bharrat Jagdeo yesterday at his office in Georgetown, Mr.
Jianping said, “As you know, we share long-term, good relations with
your country and we see that the potential for economic cooperation is
great. My visit here is to try and learn about the country and to
promote Chinese investment.”
The agency said he explained that in many sectors of the country the
possibility of lucrative ventures exists.
“You have a lot of resources China has a big market for,” he said,
citing the examples of sugar, timber and bauxite.
GINA said he highlighted Guyana’s continuous move towards hydro-power,
noting that China has a lot of expertise in this area.
The agency said Jianping was accompanied at the meeting with President
Jagdeo by Chinese Ambassador to Guyana, Zhang Jungao and Li Yunzhi,
Deputy Division Chief, International Finance Department.
It said the bank, founded in March 1994 and led by Governor Chen Yuan,
is a major player in long-term financing for key projects.
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1 comment:
I sincerely hope that the Guyanese government works with China Bank but with the condition that Guyana's forests are not denuded without reforestation. China requires the raw materials which Guyana posseses; Guyana must temper its dire need for investment money with wise governance of the natural resources.
S. Joseph
Potential Investor in Guyanese Minining, Aquaculture, Forestry, Meat and Poultry Industries
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