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ARTICLE · 13 JUNE 2012

Stanford’s Spotlight Extends To The Great Wall

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While legitimate foreign investors are taking their money elsewhere, the Government of Antigua & Barbuda has been quietly attracting a new source of financial underpinning.

Antigua and BarbudaWealth Management
Ian Moncrief-Scott
Ian Moncrief-Scott
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While legitimate foreign investors are taking their money elsewhere, the Government of Antigua & Barbuda has been quietly attracting a new source of financial underpinning.

With striking similarity in approach, China, a nation that has steadfastly refused to honour its substantial, delinquent FDI debt emanating from the early 1900's, is taking an increasingly benevolent investment approach to Antigua & Barbuda.

Perhaps, as some would suggest, it is the symmetry of long-standing and repeated debt reneging that is drawing the two countries ever closer? Others might claim it is simply comfort in corruption.

Given the internationally well-recognised notion that it takes considerable time and effort to gain China's trust in order to conduct business with this notoriously secretive state, negotiators may be shocked to learn that these standards of propriety are not universally required.

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