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'
Since 2005, China's three largest state investment banks have loaned some $140billion to countries in Latin American to pay for everything from nuclear power stations to dams, roads to railways, ports and phone networks.
Billions more - nobody knows quite how many - have been lent via contracts with commercial banks, private finance initiatives and other deals which are opaque and hard to track, though researchers have found they sometimes dwarf deals done on-the-books.
Meanwhile Chinese trade with Latin America has shot up more than 25 times, rising from $12billion in 2000 to $315billion in 2020 as almost half of the countries in the region saw their largest trading partner flip from being the US to China - including three of the four largest economies, in Brazil, Argentina and Colombia.
All of which gives China leverage that it uses to get its own way on the international stage, from winning votes at the UN to isolating its enemies - most notably Taiwan, as Beijing often requires countries to cut diplomatic ties with the island before it will hand over money.
diagram of it all
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Last Edited by Coastie Patriot on 10/20/2021 08:22 AMCoastie Patriot
SIC SEMPER TYRRANIS
THE SAME PEOPLE WHO SAID NO GUNS BECAUSE OF POLICE NOW WANT TO DEFUND THE POLICE!!!!
Dr Thaddeus They
They don't really care whether the truth gets out, because the public no longer knows what's meant by "the truth."
Well, I mean, no one can tell the difference anymore between what's real and what's fake.
Anyway, the point is, I can tell you all of this, right out in the open, because it doesn't matter who knows about it. They won't know whether to believe it or not.-
X Files: Lost art of Forehead Sweat
A gun is a tool, Marion, no better or no worse than any other tool, an axe, a shovel or anything. A gun is as good or as bad as the man using it. Remember that.
-SHANE-
Jefferson Smith: You see, boys forget what their country means by just reading The Land of the Free in history books. Then they get to be men they forget even more. Liberty's too precious a thing to be buried in books, Miss Saunders. Men should hold it up in front of them every single day of their lives and say: I'm free to think and to speak. My ancestors couldn't, I can, and my children will. Boys ought to grow up remembering that . - MR Smith Goes To Washington-
to grow up remembering th
My oath to support and defend the constitution against all enemies foreign and domestic has no expiration date!!!
Ten Bears : It's sad that governments are chiefed by the double tongues. There is iron in your words of death for all Comanche to see and so there is iron in your words of life. No signed paper can hold the iron. It must come from men. Outlaw Josey Wales
United States
