Tag: Americas
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Argentina Could Be Joining BRICS
🇦🇷 Argentina could become a member of the BRICS group. Argentinian officials are joining a flurry of upcoming events with counterparts from Brazil, Russia, India, China, and South Africa, the bloc's five permanent members. Brazil and China reportedly support Buenos Aires joining the group. (MERCOPRESS) ...
Brazil’s Central Bank Quadruples Yuan Holdings, Raising Chinese Hopes for Greater RMB Acceptance
Brazil’s Central Bank increased its reserves of Chinese renminbi (RMB) fourfold last year. It is the latest indication that the RMB is set to become much more influential in the global financial landscape. A survey last week indicated ...
China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year
For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...
New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving
By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...
Argentina Joins Belt & Road as Part of a Full Embrace of China (and Russia)
Argentinian President Alberto Fernández met for 40 minutes with his Chinese counterpart Xi Jinping in Beijing on Sunday, in what appears to be a major foreign policy shift for Latin America's fourth-largest economy. First, and most importantly, Argentina signed on to become the
Beijing and Taipei: The Latin American Geopolitical Connection
By Dr. Alvaro Mendez Some observers insist that the People’s Republic of China’s (PRC) presence in Latin America and the Caribbean (LAC) is not geopolitically motivated. I acknowledge that Chinese foreign policy may be driven currently mostly by economic, diplomatic, and ...
With FOCAC Now Over, Chinese FM Wang Yi Turns His Attention to China’s Forum With LatAm and the Caribbean
Within days of the conclusion of the Forum on China-Africa Cooperation in Dakar, Chinese Foreign Minister Wang Yi pivoted to focus on a similar ministerial forum with his counterparts from Latin America and the Caribbean. Wang last Friday chaired the third Ministers' Meeting of the Forum of ...
FOCAC Isn’t the Only Regional China Conference Taking Place This Month
While a lot of attention is now focused on the final preparations ahead of this month's China-Africa ministerial conference in Senegal, another, equally important regional meeting kicked off in the southwestern Chinese city of Chongqing on Tuesday. The 14th China-Latin America ...
U.S. Conservatives Are Becoming Increasingly Concerned About China’s Engagement in Latin America and They’re Using the Same Rhetoric They Did About Africa
U.S. fears of China "taking over" countries and entrapping them in "debt traps" all while "corrupting political elites" should sound very familiar to African stakeholders who've heard for years identical concerns expressed about China's engagement in their region -- only this time, U.S. conservatives are focused on ...
It Looks Like the U.S. and Europe Are Now More Worried About China’s Growing Influence in LatAm Than Africa
The Daily Mail's sensationalist headline today ("China's take-over in America's back yard") speaks to the mounting concern in U.S. and European capitals about China's growing presence in Latin America and the Caribbean. This latest wave of anxiety, ...
Chinese Mobile Phone Brands Want to do in Latin America What They’ve Done in Africa
Chinese mobile phone makers are steadily expanding their market share in Latin America where they're now among the top three brands in some of the region's largest markets including Mexico, Peru and Chile, according to data from the telecommunications research agency Counterpoint.
China’s Vaccine Diplomacy: Soft Power Lessons from Latin America
By Dr. Álvaro Mendez, Co-Director & Senior Associate Fellow, Global South Unit at LSE IDEAS In early 2021, Beijing launched a diplomatic campaign to promote China’s COVID-19 vaccines with the aim of winning friends and cutting deals in ...