21 August 2019

Five China firms win contracts from IDB members, Xinhua says

Five Chinese firms won procurement contracts this year from member countries of the Inter-American Development Bank, Xinhua news agency reported Friday, citing an IDB announcement. China joined the IDB group in January 2009, enabling Chinese firms get more investment opportunities in Latin America and the Caribbean countries. The contracts won by Chinese companies so far involve provision of cargo and other services related to power and transportation, the report said.

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