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How China is outsmarting the US in Latin America

  Copy link into your clipboard //science-technology.news-articles.net/content/2 .. hina-is-outsmarting-the-us-in-latin-america.html
  Print publication without navigation Published in Science and Technology on by The Express Tribune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Brazil maintains a whopping $51 billion trade surplus with China and its exports to Beijing have surpassed the combined sales to the EU and the US. China, once a major buyer of the US soybeans, has been diversifying its farm purchases from America,
The article from The Express Tribune discusses how China is expanding its influence in Latin America, traditionally seen as the United States' backyard, through strategic economic and political maneuvers. China has become the region's largest trading partner, surpassing the US, by investing heavily in infrastructure projects, providing loans, and engaging in trade agreements. This includes significant investments in energy, mining, and telecommunications, as well as offering an alternative to Western financial institutions through initiatives like the Belt and Road Initiative. The US, in response, has been attempting to counter this influence by warning Latin American countries about the risks of Chinese investment, such as debt traps and lack of transparency, while also trying to strengthen its own economic ties and diplomatic relations in the region. However, China's approach, which often comes with fewer political strings attached compared to Western aid, has been appealing to many Latin American nations looking for development funds and infrastructure improvements.

Read the Full The Express Tribune Article at:
[ https://tribune.com.pk/story/2514435/how-china-is-outsmarting-the-us-in-latin-america ]