Patrick Gillespie, CNN: Latin America: China's power play right under the U.S.
China is making its biggest bet ever on Latin America, just as the United States is turning its back.
China poured billions of dollars into Latin America in 2015.
Chinese banks sent nearly $30 billion in loans to Latin American governments last year, more than double the amount from 2014. It's also more money than the World Bank and Inter-American Development Bank gave to the region last year combined, according to the Inter-American Dialogue, a non-profit in Washington.
There's more. China offered an additional $35 billion in funds that Latin American countries could access for infrastructure projects like roads, bridges and railways. Altogether, it's China's largest investment yet.
"What we're seeing is a proliferation of Chinese finance in Latin America," says Margaret Myers, a director at the Inter-American Dialogue.
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WNU Editor: This Chinese investment may appear big, but when it is compared to the current U.S. trade deficit with China .... $365,694,500,000: U.S. Merchandise Trade Deficit With China Hit Record in 2015 (CNS) .... this investment in the entire scheme of things is quite small.
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