China’s take-over in America’s back yard: How Beijing has spent $140BILLION on ports, roads, and power plants in Latin America and the Caribbean as Cuba signs a new energy deal while US influence fades
- 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’
Tip: O.S.
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