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Weekly Report - 24 November 2016 (WR-16-46)
ECUADOR: Correa rolls out the red carpet for Xi
Xi Jinping has become the first Chinese president to visit Ecuador, with his host President Rafael Correa laying on full state honours for his distinguished guest on 16 and 17 November. Ecuador is now heavily dependent on its partnership with Beijing. China has invested US$10bn in Ecuador in the past decade, while it is also now the country’s main bilateral creditor, to the tune of US$8bn, on official data. China sees in its productive relationship with Ecuador a model of how its global economic diplomacy should operate.
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