Sunday, January 13, 2019

Chinese Financing Is Big Advantage in Winning African Contracts

The New York Times published on 13 January 2019 an article titled "Competing against Chinese Loans, U.S. Companies Face Long Odds" by Edward Wong.

Using competition in Uganda between an American consortium and Chinese companies to build a new oil refinery, the author documents the difficulty competitors face when they go up against Chinese companies that have access to much greater Chinese government financing.

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