China makes Latin America a new peak for Latin America to counter China's influence


Rising tensions between the United States and China have sparked clashes at the United Nations, sparking accusations of espionage and rumors of a global trade war.

China makes Latin America a new peak for Latin America to counter China's influence


In Latin America, hostilities have recently sparked a public relations war that could provide intermittent superpower ventilators and PPEs, screaming at China's deep-water fishing fleet and Huawei in 5G networks. Fresh pressure to adopt technology.

Now, the United States appears to be aiming to counter China's growing trade influence in the region, with the program challenging Beijing's involvement in infrastructure development and energy mega-projects.

On a recent visit to Suriname and Guyana - both of which have recently made major oil discoveries by the sea. Mike Pompeo turned to direct sales from US companies.

"No government action can undermine the quality of products and services of US private companies," he said. "We've seen the Chinese Communist Party invest in countries, and it all looks great at the front end, and then it all falls apart when the political costs involved become clear."

Pompeo - the first secretary of state to visit any country - also used the opportunity to sign the two countries to sign the US program for growth, often known as the US Chris. Its Spanish translation, which seeks to "mobilize private sector investment" in Latin America and the Caribbean.

The project can be seen’ as a direct response to China's Belt and Road Initiative (BRI), which has a 1.5tn foreign and economic policy to establish maritime trade and infrastructure projects in dozens of countries. I invest.

Nineteen countries in the region have signed BRIs, including Chinese firms - many of which are partially state-owned - major mining, energy and transport projects. Since 2005, Chinese-based firms have invested 12 123 billion in the region and Chinese banks have borrowed 13 137 billion.

"It is clear that the United States is reacting to the crisis. Rob Sutter, managing editor of Delago Chino, a website specializing in Sino-Latin American relations, said Pompeo has consistently criticized him for his understanding of the heavy burden of Chinese infrastructure loans.

"Within China, a number of academics have sought to see American cream as a unique area of ​​influence in Latin America - a new version of the Monroe ideology," he said.

In September 2018, the United States recalled its top diplomats in Panama, El Salvador and the Dominican Republic after severing all diplomatic ties with Taiwan and establishing ties with China.

But since then, US pressure seems to have increased, the BRI partnership has shrunk, and Chinese investment in strategic countries such as Panama has plummeted.

The US CRIS program does not present a new budget for regional infrastructure projects, but it does provide a name and direction to US policy.

"BRI wants to build infrastructure that supports Chinese interests. It is made by Chinese companies and Chinese banks have made money on loans. American Chris, by contrast, deals with business matters that make sense for the region and support good governance.

Sutar said China's investment depends entirely on backroom dealings with Beijing. "In recent years, there has been a major shift in the way Chinese firms invest in the region. Increasingly, they invest in equities or form international consortiums to win competitive tenders, such as the Bogota Metro system.

We urge Mr. Pompeo to respect the facts and stop spreading rumors about China.

Chinese Embassy in Suriname

And while the United States is ideologically open to investment from all countries, Colombian President Evan Doc's program has been described’ as a "new phase of Plan Colombia," which has given ammunition to those who own it. See as a way to get lucrative deals.

Under Colombia's 2000-16 plan, which focused on tackling the country's twin guerrilla and drug trafficking problems, most of the $10 billion aid went to US arms and security agencies.

US diplomatic efforts in Latin America have revived in recent years, following a drop in the Obama administration's list of US foreign policy priorities. Donald Trump has tried to win votes in Florida by taking a hard line on socialist governments in Cuba and Venezuela, but the need to resist China's "hunting trade practices" is one of the few things that Republicans and Democrats agree.

The new, straightforward strategy seems to be designed’ to counter China.

"We advise Mr. Pompeo to respect the facts and the truth, to abandon arrogance and prejudice, about China.

Sutar said that while geopolitical rivals seek to gain influence over natural resources, infrastructure and trade routes, the best interests of Latin America itself can be’ ignored.

"Both the BRI and the US cream are investing heavily in fossil fuel infrastructure, closing Latin America on a high carbon footprint." The region is in dire need of post-Kwid reconstruction, but if it is to reap permanent and long-term benefits, it must move from low-carbon, climate-resilient growth. "


READ MORE 


China Hong Kong police arrested several protesters on national day