China’s Elitist Collaborators
In less than 15 years, China has gone from playing a marginal economic role in Latin America to being among the region's top investors and trading partners. The elites whom China is courting as part of its efforts to expand its influence have a responsibility to provide a clear-eyed assessment of the potential pitfalls of engagement.
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HONG KONG – At the beginning of this century, when China launched its “going out” policy – focused on using foreign-exchange reserves to support overseas expansion and acquisitions by Chinese companies – few expected the country quickly to emerge as a leading economic player in Latin America. Yet that is exactly what has happened. The question is whether this is good for Latin America.