Ecuador expands market for investment from China

Chinese companies are welcomed to invest in Ecuador to help improve the country’s infrastructure and boost its economy, said Ecuador’s ambassador to China.

The bilateral relationship has experienced its fastest development in recent years, with more Chinese companies expanding their businesses in the Latin American country, said José María Borja, the ambassador.

Ecuador’s largest hydropower project, being constructed by a Chinese company, is expected to improve the country’s economy, he told Oriental Outlook, a Beijing-based weekly magazine, in late March.

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The project mentioned by the ambassador is the Coca Codo Sinclair hydropower plant, which is being constructed by China’s state-owned Sinohydro Corp, with an investment of $2 billion. The power plant is expected to satisfy about one-third of the country’s electricity demand. Read Article