Title : China's Growing Clout In Latin America And The Caribbean
link : China's Growing Clout In Latin America And The Caribbean
China's Growing Clout In Latin America And The Caribbean
China's state banks have loaned some $140billion to Latin American and Caribbean countries since 2005, which is thought to be just a fraction of the money that has flowed to the region when private deals are taken into account. Beijing is also involved in major infrastructure and energy projects in most countries, including transport networks and power stations
* Cuba has agreed a new deal with China to upgrade its power grid, inviting Chinese firms to invest and build
* It is just the latest of Beijing's loans, building projects, and investments to Latin America and the Caribbean
* China has also rapidly increased trade with the region which rose from $12bn in 2000 to $315bn in 2020
* America has been muscled out of its own back yard, as diplomats warn the US is 'giving up without a fight'
On the face of it, America has little to fear from China's new deal to upgrade Cuba's power grid.
The countries are already firm allies via their Communist leaders, Havana is under a diplomatic and economic embargo from Washington, and all efforts to mend ties between the two ended when Obama left office.
But scratch the surface and what emerges is a picture of Chinese economic dominance in America's backyard that would be enough give any president sleepless nights.
In fact, the deal with Cuba - signed this week as part of China's trillion-dollar Belt and Road Initiative - is just the latest in a long line of loans, trade deals, construction projects and other investments in Latin American and the Caribbean that has seen Beijing flex its growing economic muscle while America's strength wanes.
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WNU Editor: China has to recycle the hundreds of billions that it gets each year from its export surpluses to the U.S. and the rest of the Americas. This is one of the ways that it accomplishes this.
But I think this type of investment is about to end.
China's real estate and bond markets have collapsed in the past two months, and it will be needing this money to solve its liquidity crisis.
This money in Latin America and the Caribbean is also not free.
Much of it is in the from of loans with interest rates that are in my opinion very steep. Good luck on collecting that type of money from countries like Venezuela, Argentina, and Cuba .... countries with a long history of defaulting on loans.
China's state banks have loaned some $140billion to Latin American and Caribbean countries since 2005, which is thought to be just a fraction of the money that has flowed to the region when private deals are taken into account. Beijing is also involved in major infrastructure and energy projects in most countries, including transport networks and power stations
* Cuba has agreed a new deal with China to upgrade its power grid, inviting Chinese firms to invest and build
* It is just the latest of Beijing's loans, building projects, and investments to Latin America and the Caribbean
* China has also rapidly increased trade with the region which rose from $12bn in 2000 to $315bn in 2020
* America has been muscled out of its own back yard, as diplomats warn the US is 'giving up without a fight'
On the face of it, America has little to fear from China's new deal to upgrade Cuba's power grid.
The countries are already firm allies via their Communist leaders, Havana is under a diplomatic and economic embargo from Washington, and all efforts to mend ties between the two ended when Obama left office.
But scratch the surface and what emerges is a picture of Chinese economic dominance in America's backyard that would be enough give any president sleepless nights.
In fact, the deal with Cuba - signed this week as part of China's trillion-dollar Belt and Road Initiative - is just the latest in a long line of loans, trade deals, construction projects and other investments in Latin American and the Caribbean that has seen Beijing flex its growing economic muscle while America's strength wanes.
Read more ....
WNU Editor: China has to recycle the hundreds of billions that it gets each year from its export surpluses to the U.S. and the rest of the Americas. This is one of the ways that it accomplishes this.
But I think this type of investment is about to end.
China's real estate and bond markets have collapsed in the past two months, and it will be needing this money to solve its liquidity crisis.
This money in Latin America and the Caribbean is also not free.
Much of it is in the from of loans with interest rates that are in my opinion very steep. Good luck on collecting that type of money from countries like Venezuela, Argentina, and Cuba .... countries with a long history of defaulting on loans.
Thus articles China's Growing Clout In Latin America And The Caribbean
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