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Significance

This robust response, which contrasts with low-key and smaller-scale US reactions, is a testament to China’s economic and diplomatic standing, which in recent years has become more generalised in the region.

Impacts

China’s regional footprint will continue to transform towards technology-intensive sectors and private-sector-driven engagement.

Governments will need to be more strategic to seize opportunities while limiting environmental, social and security risks.

Latin American countries will increasingly find themselves caught in the middle of US-China tensions.

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