News Snapshot:
In Peru, it’s a mega-port costing $3billion (£2.17bn) and investments in the country’s huge mining sector. In Argentina, it is an $8bn-nuclear power plant that will power nearly six million homes. In Nicaragua, the plan is for a $50bn-interoceanic shipping channel wider and deeper than the Panama Canal. Across Latin America, Chinese trade and investments are booming to the point where the Asian powerhouse not just rivals the United States’ economic stake in the region but, in several South American countries, now overshadows it . In total, state-run Chinese banks have invested nearly $140bn in Latin American public agencies since...
