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Landing in Uruguay

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No one can blame Uruguay’s government for its efforts in recent years to try to increase direct investment from China. Official visits to China, preliminary agreements for renewal of the railway system, and constant efforts to involve the Chinese Development Bank in financing construction of a deepwater port in the Atlantic were on the agenda. The government of former president José Mujica looked for strong support from the Chinese to back infrastructure projects totaling more than $1.5 billion. Patience is an art in China and the investments from that country in Uruguay began to trickle in, with projects linked to […]
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