Why China’s Advance in Latin America Matters
Latin American governments beset by fiscal, economic and social crises will be tempted to accept bailouts and loan-based projects disproportionately benefitting Chinese companies that they would not have previously considered. The resurgence of the Latin American political left, already seen in Argentina and Bolivia, and the entrenchment of the Maduro regime in Venezuela, possibly bolstered by leftist victories in elections in Ecuador in February and Peru in April 2021, will further broaden China’s opportunities.