n the 7th episode of the Coffee & Silk Podcast, we chatted with Thiago de Aragão about China´s interest y Latin America and the Caribbean and the dynamics of this relationship with a strong focus on Brazil.
In Episode 6th of the Coffee & Silk Podcast, Parsifal and David chat with Enrique Dussel Peters about topics such as the Chinese Direct Investments in LAC, the Latin Americas´s institutions that study the China-Latin America relationships, the importance of generating new concepts regarding these relations, as well as the triangular relationship between the countries of Latina America and the Caribbean, the United States and China.
In this episode, our hosts David and Parsifal talk with Rasheed Griffith about China´s engagement with the Caribbean. During the conversation Rasheed address the diverse composition of the Caribbean and the differences and commonalities along the region. He also talks about the development of China's relationship with the Caribbean.
This week on Silk & Coffee, Parsifal talks to Dr. Jorge Malena about the pillars of Chinese foreign policy in Latin America and the Caribbean, the evolution of the Chinese development model and its impact on the country's international interests, and the fluctuations of Argentine domestic policy and its influence on the country’s relationship with China.
Diego and Parsifal chat with Margaret Myers, who shares her view on the decline of China’s financing to the region, the standardization of China’s lending practices to the region, post-Covid trends of China’s economic relationship with Latam, and US perceptions on the strengthening of Sino-Latam relations.
The partnership with China promised to turn Venezuela into a Latin America power. Yet two decades, 468 agreements and over $67bn later, agreements with one of the principal exponents of Chavismo have placed the country at a significant disadvantage. The relationship ended heavily in favor of Asia’s largest economy, leaving Venezuela with a vulnerable labor force, billion dollar debts, and a series of half-finished projects.
Since the turn of the century, close to a hundred Chinese businesses have been set up in all but two of Venezuela’s 23 states. Yet this unprecedented inflow of Chinese capital has not translated into impactful projects. Financed by the two multi-billion dollar bilateral funds set up by presidents Hugo Chávez and Nicolás Maduro with China between 2008 and 2015, at least a quarter are still in an early or planning stage. Since then, issues surrounding the non-payment of loans have caused Sino-Venezuelan relations to cool considerably. Now, researchers from the Kiel Institute for the World Economy warn that at least half of China’s lending in recent years can be considered ‘hidden’. There are concerns that now, and in years to come, the opacity of China’s credit mechanisms could jeopardize crisis recovery in heavily indebted countries such as Venezuela.
From investment to debt, the dangers of playing against loaded dice.
Between 2000 and 2014, Venezuela received more resources from China than any other country in the world. Despite being located some 14,000 kilometers away, a population of 30 million coupled with enormous energy potential, characterized by an erstwhile billion-dollar oil industry, held significant appeal to China. This, coupled with a new, nationalist political model that appeared compatible to China’s new commercial strategy, provided a catalyst for both nations to strengthen relations. Yet opacity has characterized the signing of almost 500 agreements.
From small nations such as Belize and Barbados to heavily populated countries like Mexico and Brazil, the Latin America-Caribbean region is one of infinite diversity. Similarly, the spectrum of productive capacity and levels of gross domestic product is as varied as its climate, flora, and fauna. If we are to develop a clearer understanding of the issues that impact the region as a whole, it is important to consider a variety of perspectives and opinions. To reflect this diversity, we interviewed six Latin American academics, asking them to consider the following question: how has COVID-19 affected the relationship between China and the countries that make up Latin America and the Caribbean?
The global paralysis caused by COVID-19 has brought the world economy into crisis. Yet amid such adversity, China has increased its capital export to Latin America through what analysts have dubbed "mask diplomacy." Donations of medical supplies to the region in excess of $380m have been the instrument of its latest phase of expansion. Linked in some cases to the concept of guanxi (关系)—the networks of trust and reciprocity of Chinese philosophy—the stage is now being set for further expansion and the continuing battle for global leadership.