“Men played #football on the beach in Manta, a port city in #Ecuador. After Ecuador was shut out from borrowing in traditional markets, the country turned to #China to fill the void. It is increasingly the trading partner of choice for many countries, taking the mantle from Western nations. China’s foreign direct investment — the money it spends overseas annually on land, factories and other business operations — is second only to the United States’, having passed Japan last year. This #nytweekender, we have been sharing photos by @ivankphoto for a series called #thechinafactor, which explores China’s global ambitions — as well as the loans and strings attached.” By nytimes on Instagram.
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