Ecuador’s unhealthy dependence on China is about to get $1.5 billion worse – Quartz
Date: Aug 28, 2014
These kinds of deals threaten president Rafael Correa’s reputation with Ecuadorean citizens—he has pledged to cut out private oil traders and middlemen from the country’s oil sector, but allowed a Chinese state firm and a private Hong Kong partner to control and sell as much two thirds of its oil. Activists are criticizing deals to trade drilling access in the Amazon for loans.
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