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.
What will the Chinese Communist Party’s recent leadership reshuffle mean for China’s future engagement with Latin America?
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.
China’s record of lending in LAC continues to surpass that of other banks, even though policy banks issued only $9 billion to the region in 2017.
For decades, Chinese leaders and scholars alike have kept a close eye on Cuba. What have they been hoping to learn?