BY: Economic & Finance Report
China has just pledged to invest $250 billion in Latin America, keying in on infrastructure, energy and in natural resources. China recently held a two day summit inviting 33 Latin American countries to discuss economic and financial bilateral relations with the far east and the Americas.
China has been interested in the region for decades to date, focusing on the natural and organic resources that Central and South America has to offer. Obviously; China being a major player is positioning themselves to compete in the region against the United States. This bilateral deal between all parties allows China’s presence to be known in the region, but as far as the lasting impact that will occur; only time will tell for sure.