The danger for Latin America is complacency.

It can be found in the poorest countries of Latin America and Africa, but also in the heart of prosperous Europe.

Until recently, most overseas Chinese investments have been in Asia, Latin America and Africa, as the state seeks to secure the natural resources needed to fuel its commodity-intensive growth engine.

These are the questions for Russia, countries in the Gulf, and some countries in Latin America and Africa.

Of the 108 defaults, 86 came from the U.S., seven from Europe, five each from Asia and Canada, three from Latin America, and two from Russia.