To many in Latin America, the Caribbean and Latin America Community summit in Beijing earlier this month was the dawn of a new world order.
Chinese President Xi Jinping’s big-money nod to the region — $500 billion in trade and $250 billion in investment by 2025 — fueled hopes for a long-awaited Beijing consensus, with China upstaging the U. S. in its own backyard.
The hopeful might be in for a disappointment. The bullish talk comes just as China’s economy slows and Latin America’s commodities prices tumble. Now China is less eager to spray its reserves around and more reticent of deadbeats.
Read Full Article HERE