As Cuba begins its path towards post-Castroism, drawing comparisons with other transitions within communist regimes is almost inevitable, despite the uniqueness of the island’s situation.
Latin America isn’t yet part of the Belt and Road, but China showed sustained interest in the region during the recent China-CELAC Ministerial Forum.
The coastal city of Zhuhai in China’s Guangdong province is quickly becoming a focal point of China’s efforts to strengthen relations with the LAC region.
Since 2005, China has provided more than USD 150 billion in loan commitments to Latin American countries and firms. The China-Latin America Finance Database, which was developed by the Inter-American Dialogue in collabortion with the Boston University Global Economic Governance Initiative, provides up-to-date information on Chinese lending in Latin America by country, lender, sector, and year.
Cuba has a new head of state in President Miguel Díaz-Canel. However, the residual power of the revolutionary generation means the rejuvenation of the island’s political elite is only getting started.
La fuerte disminución en el 2017 se debe a que los bancos estatales chinos se abstuvieron de hacer préstamos a Venezuela, de lejos el mayor receptor de financiamiento del gigante asiático en la región desde el 2005.
Chinese investment and lending in the region declined last year, in part reflecting skittishness over the deteriorating situation in Venezuela. Despite the drop, Chinese state-to-state finance continues to outstrip the World Bank, IDB and CAF.