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Significance
Chinese loans for large-scale infrastructure have largely stopped since 2019 and are unlikely to recover due to repayment problems and environmental concerns. Chinese corporations intend to expand in the region but prioritise profitability and access to key resources over political considerations when selecting projects.
Impacts
Chinese corporations will consider reputational and political risk when choosing projects in Latin America.
Latin American governments of different ideological orientations will continue to pursue closer ties with Beijing.
US pressure on Latin America to reduce Chinese presence in strategic sectors will persist, but it will struggle to provide alternatives.
Keywords:
Latin America,
China,
AF,
LA/C,
Argentina,
Brazil,
Chile,
Ecuador,
Mexico,
Peru,
United States,
Uruguay,
Venezuela,
economy,
industry,
international relations,
automobile,
debt,
energy,
foreign investment,
foreign policy,
foreign trade,
infrastructure,
mining,
renewable energy,
technology,
telecommunications,
Renewable energy,
Metals & mining,
Infrastructure,
Telecoms
© Oxford Analytica 2023. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2023
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