‘Belt And Road’ Western Hemisphere Investments Has China Firmly Rooted In America’s Backyard, by John Haughey

One thing the article mentions but doesn’t really highlight is that even in the Western Hemisphere, the U.S.’s approach is more militaristic, while China concentrates on infrastructure, economic development, and trade. From John Haughey at The Epoch Times via zerohedge.com:

The United States has been so focused on global security concerns that it has overlooked investing in its own backyard’s economic and military needs for decades.

But China hasn’t. With its Belt and Road Initiative (BRI, also known as “One Belt, One Road”), China has become South America’s largest source of infrastructure investment and second-largest trading partner, increasing trade from $18 billion in 2002 to $450 billion in 2022.

Twenty-five of 31 Central and South American countries have negotiated infrastructure investments from China, and 22 of those nations, most recently Honduras, have formally signed onto the BRI program.

Chinese companies, either owned or subsidized by the Chinese Communist Party (CCP), operate mines in Mexico, Argentina, Peru, and Venezuela, electrical grids in Peru and Chile, 5G wireless systems in Costa Rica, Bolivia, Brazil, and Mexico—80 percent of Mexico’s telecommunications equipment is provided by Chinese companies—space launch and satellite tracking facilities in Argentina, and the world’s largest embassy in the Bahamas.

The U.S. State Department estimates China’s trade with Latin American nations and investments in sea, space, telecommunication, critical minerals, and energy will match the United States by 2035 in the region. China’s military ties with Venezuela, Cuba, Peru, and Chile—which now include port visits by Chinese warships and technical advisers—will mature into base agreements within a decade.

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