China offers $1 billion loan to Latin America and the Caribbean for access to its Covid-19 vaccine

[Spartan]

Chinese Foreign Minister Wang Yi announced a $1 billion loan to Latin America and the Caribbean for Covid-19 vaccine access during a virtual gathering with his Latin American counterparts on Wednesday, according to a statement released by the Mexican Foreign Affairs Ministry.

"China's Foreign Minister said that the vaccine developed in his country will be a public benefit of universal access, and that his country will designate a loan of $1 billion to support access [to the vaccine] for the nations of the region," the statement said.

During a daily briefing on Thursday, Mexican President Andrés Manuel López Obrador thanked China after the loan announcement.

"We're very grateful to China, with the Chinese government, the President -- you remember I had the chance to speak to him on the phone -- we asked him for support with medical equipment, there have been many aid flights coming from China."

 

"There's always been enough equipment supply, medicines, and now there is this offer," he added.

The virtual meeting on Wednesday was led by Mexico's Foreign Affairs Minister, Marcelo Ebrard, and Wang Yi. Their counterparts from Argentina, Barbados, Chile, Colombia, Costa Rica, Cuba, the Dominican Republic, Ecuador, Panama, Peru, Trinidad and Tobago and Uruguay also joined.

 

Ahead of the meeting, China's Foreign Ministry spokesperson Wang Wenbin said in his daily briefing that during the pandemic, "China and Latin American and Caribbean countries, though oceans apart, have stood together against this common foe and conducted practical and effective cooperation to the benefit of all our people."

 

He said the meeting would "consolidate consensus between the two sides on jointly fighting the pandemic, cement political mutual trust, uphold multilateralism" and build a community with a shared future for the regions.

Latin America became the epicenter of the global pandemic in late May. A CNN analysis of Johns Hopkins University (JHU) data last week found that Latin America and the Caribbean had suffered more coronavirus deaths than the US and Canada -- though the latter had still reported more deaths per capita.

 

Brazil has the second-highest number of cases globally, after the US, with more than 2.2 million people infected, according to JHU figures. Chinese biotech company Sinovac has begun a Phase 3 vaccine trial in the country, alongside another Phase 3 trial by Oxford University and pharmaceutical company AstraZeneca.

 

Peru, Chile and Mexico are also in the top ten countries for confirmed cases, while the virus is also spreading in Venezuela, where concerns have been raised over the country's crippled healthcare system.

Governmental responses to the virus have differed radically across Latin America, however the region's informal workforce and high levels of inequality are among the factors driving the widening outbreak.

Coronavirus also has deepened the rift between the US and China, with the Trump administration repeatedly lashing out at China over its early response to the virus.

[Silverado]

6:25 to 6:45

[tom bhayya]

Lol veedu emanna modern day British emperor anukuntunnada? Colonize chedham anukuntunnada?

[Prince_Fan]

papam veella bathuku kuda inka assam ....sri lanka laga

[Silverado]

Chinkies will occupy undeveloped countries and start colonize like baloch ,US under trump will do nothing ,UNO will be ruled by Chinkies in few days

[TrollBait]

5 minutes ago, tom bhayya said:

Lol veedu emanna modern day British emperor anukuntunnada? Colonize chedham anukuntunnada?

what do you think capitalism looks like? It can't survive without continuous growth.

it seeks every market it can exploit to keep the wheel running. the emperor comes later, much much later. 

[kingcasanova]

5 minutes ago, Silverado said:

Chinkies will occupy undeveloped countries and start colonize like baloch ,US under trump will do nothing ,UNO will be ruled by Chinkies in few days

UNO is out dated institute, even Pakistanis can rule it, it is not that easy to rule other countries anymore, not after globalization and uprising of many countries as nuclear states. Maximum Chinese will get new backyard to dump their products and extract natural resources but that too will come with a cost, China lo ayithe em jarigina bayata raadhu, but other countries lo em jariginaa matter thelisipothundi, Corona create chesi vaccine ni ammukunnantha easy kaadu

[kingcasanova]

2 minutes ago, TrollBait said:

what do you think capitalism looks like? It can't survive without continuous growth.

it seeks every market it can exploit to keep the wheel running. the emperor comes later, much much later. 

But Chinese capitalism is run on wrong assumptions, they are trying to sell communism through their capitalist policies, when it backfires they will not have an option to correct their paths.

[TrollBait]

8 minutes ago, tom bhayya said:

Lol veedu emanna modern day British emperor anukuntunnada? Colonize chedham anukuntunnada?

US history kooda sadvuko... what it did in the latin america ani. 

Now they have competition, because USSR wasn't as hegemonic (comparitively) to the US. US was way more mercantlist and destroyed the latin america for decades... the signs of it can be seen even today.

[TrollBait]

1 minute ago, kingcasanova said:

But Chinese capitalism is run on wrong assumptions, they are trying to sell communism through their capitalist policies, when it backfires they will not have an option to correct their paths.

Chinese are not selling communism, wtf. even they don't practice it. They are just creating markets for their companies.

This kind of idiotic reading into what China does is why India fails to counter China.

[TrollBait]

1 minute ago, kingcasanova said:

But Chinese capitalism is run on wrong assumptions, they are trying to sell communism through their capitalist policies, when it backfires they will not have an option to correct their paths.

wtf does 'selling communism' even mean? communism as a movement is dead. its over. no one cares about it, except some idiot right wingers who are still fighting battles of the 80s.

[tom bhayya]

1 minute ago, TrollBait said:

US history kooda sadvuko... what it did in the latin america ani. 

Now they have competition, because USSR wasn't as hegemonic (comparitively) to the US. US was way more mercantlist and destroyed the latin america for decades... the signs of it can be seen even today.

Trump vachaaka he ignored all these treaties between nations so China is taking advantage, thaatha inko 4 years untey China will grow much much stronger and US will lose its place as big brother 

[TrollBait]

7 minutes ago, tom bhayya said:

Trump vachaaka he ignored all these treaties between nations so China is taking advantage, thaatha inko 4 years untey China will grow much much stronger and US will lose its place as big brother 

Trump is chillara yedhava. He doesn't see the big picture. but even without Trump, US was always gonna have a hard time balancing the upcoming domestic turmoil with foreign commitments.

There's no big brainy president guy/girl that can stop US from losing its influence around the world.

Trump has had some success in gettin atleast UK/India to get to ban Huawei. but that's not going to be enough.

[Silverado]

14 minutes ago, tom bhayya said:

Trump vachaaka he ignored all these treaties between nations so China is taking advantage, thaatha inko 4 years untey China will grow much much stronger and US will lose its place as big brother 

Yes I agree ,thata is not acting with a plan he is just blabbering

[Tellugodu]

17 minutes ago, tom bhayya said:

Trump vachaaka he ignored all these treaties between nations so China is taking advantage, thaatha inko 4 years untey China will grow much much stronger and US will lose its place as big brother 

Ayna parledu, memu thatha ke support chestam, votelu guddutham.