China's Role in Latin America and the Caribbean
Date of Publication
1-1-2023 12:00 AM
Security Theme
Economic Stability
Keywords
China, Latin America, engagement, resources, security, PRC, strategic competition, PRC, supply chain, investment, espionage, commercial projects, economic stability
Description
PRC economic, political, institutional, and security engagement with Latin America and the Caribbean has increased substantially in the past two decades. PRC-based companies have invested more than $160 billion in the region.1 The PRC’s two major policy banks (China Development Bank and China Export-Import Bank) have lent $136 billion for projects there.2 PRC trade with the region in 2020 was $314 billion, more than 17 times the level when the PRC was accepted into the World Trade Organization in 2001.3 In terms of such commerce alone, the PRC is now the number one partner with every country south of Costa Rica, or number two behind Brazil.
China's Role in Latin America and the Caribbean
PRC economic, political, institutional, and security engagement with Latin America and the Caribbean has increased substantially in the past two decades. PRC-based companies have invested more than $160 billion in the region.1 The PRC’s two major policy banks (China Development Bank and China Export-Import Bank) have lent $136 billion for projects there.2 PRC trade with the region in 2020 was $314 billion, more than 17 times the level when the PRC was accepted into the World Trade Organization in 2001.3 In terms of such commerce alone, the PRC is now the number one partner with every country south of Costa Rica, or number two behind Brazil.
