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.
1 comment:
The downfall of America is only possible due to betrayal from within
Betrayal of your laws
Betrayal of your history and sacrifices you made
Betrayal of the military and the police force
Betrayal of common decent people on both sides of the isle by pitting you against each other, misinforming and I mean this literally: dumbing down and killing you
Having looked at all the corruption, the filth that's been spreading for decades among the highest ranks in the most important institutions, I think they are afraid. Scared of the equivalent of a metro movement targeting them, for their crimes which are far far wilder than even Epstein gave a glimpse into.
They also, in their own words, predict for years now that by 2030 native unemployment due to AI and automation - among middle and upper class too, blue collar, white collar, everyone - that we, the people would rise up and rebel against them.
That's why they come down so hard and lie so much about 6 January. An insurrection by unarmed tax paying people who had grandmas asking them, who by absolute majority were let in by police, on camera.
The fact that they force people into these vaccines.
The fact that the biggest vaccine hesitancy group this time is, by education, PhDs...
Just wake the fck up
It's happening right in front of you
They typically go for a big false flag when people catch up, and even my little town here people know what's up. Everyone is talking.
And they tell you what.. to not talk.. to not inform yourself..
You're being manipulated and misled.
It's blatantly obvious for outsiders to see
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