SPECIAL REPORT
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| How China’s billions are changing the world, with strings attached |
Friday, July 24, 2015 9:15 AM EDT
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| Ecuador, with just 16 million people, has little presence on the global stage. But China’s rapidly expanding footprint here speaks volumes about the changing world order, as Beijing surges forward and Washington gradually loses ground. |
| Across the country in villages and towns, Chinese money is going to build roads, highways, bridges, hospitals, even a network of surveillance cameras stretching to the Galápagos Islands. State-owned Chinese banks have already put nearly $11 billion into the country, and the Ecuadorean government is asking for more. |
| While China has been important to the world economy for decades, the country is now wielding its financial heft with the confidence and purpose of a global superpower. |
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