News Snapshot:
Chinese companies have invested more than $ 130 billion in Latin America over the past two decades, especially in Brazil and Peru, a U.S. official said Thursday, emphasizing the firms’ close ties with China’s ruling Communist Party. In testimony before the Senate Committee on Foreign Relations, the official also argued that the China Development Bank and the Export-Import Bank of China have provided nearly $ 140 billion in loans to the region since 2005. Peter Natiello, deputy administrator for Latin America and the Caribbean of the United States International Development Agency (USAID), said it showed Washington’s “concern” about China’s growing...
