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Latin America

China Is Desperate To Secure Latin American Oil And Coal | SOURCE: Oil Price

State-controlled Chinese energy companies and miners are boosting their regional presence investing heavily in a wide range of operations, notably in Colombia, Ecuador, and Venezuela. Fiscally weak governments, resource-rich terrain, and a deep economic malaise exacerbated by the COVID-19 pandemic have created the ideal opportunity for Beijing to build greater regional influence. Moreover, former President Trump’s decision to ignore Latin America coupled with Washington’s crumbling regional hegemony is amplifying China’s ability to expand its regional footprint and influence.

SOURCE: Oil Price


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