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Populism, China, and Covid-19: Latin America's New Perfect Storm

Populism, China, and Covid-19: Latin America's New Perfect Storm
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China investment in Oz falls as virus bites, relations sour


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China has slapped punitive sanctions on a range of Australian exports as the two countries clash on a range of issues. AFP
China investment in Oz falls as virus bites, relations sour
Mon, 1 March 2021
Chinese investment in Australia plunged almost two-thirds last year to less than $1 billion as the impact of coronavirus was compounded by increasingly fraught relations between the two countries.
The reading marks the fourth straight drop and is just a fraction of the $13 billion injected into the country in 2016, with Canberra growing increasingly wary of the Asian superpower’s intentions.
Data from the Australian National University (ANU) released on February 28 showed direct investment plunged to $800 million last year, from $2.05 billion in 2019. ....

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China Expanding, Diversifying Footprint in Latin American Energy


China Expanding, Diversifying Footprint in Latin American Energy
While China has been embroiled in a trade dispute with the United States, its presence in the energy sector in Latin America has continued to grow, impacting the shape and direction of the region’s energy markets.
According to the report, “China Stakes its Claim in Latin American Energy,” released by think tank Institute of the Americas, China committed almost $60 billion to Latin America’s energy sector between 2000 and 2019.
Of the total, 83% went to projects in oil and natural gas, 12.8% to hydroelectric power and 2.2% to solar.
“Chinese investments and loans to Latin American countries are likely to continue growing, regardless of greater cooperation by countries in the region with the United States,” the report’s authors said. “Even before the 2020 economic downturn, countries’ budgetary needs were too great to obviate Chinese fiscal underwriting.” ....

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