Why China has its eye on Latin America
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- Опубликовано: 4 окт 2023
- In the last 10 years, President Xi Jinping of China has had at least five different meetings with Venezuelan President Nicolás Maduro. The meetings culminated in an "all weather strategic partnership" in 2023.
But Venezuela is just one of the many Latin American countries that China is courting.
Even though thousands of kilometers separate them, China became Latin America & the Caribbean's second-largest trading partner in 2021, with almost $450 billion worth of goods exchanging hands, up from $12 billion in 2000, or almost a 40-fold increase.
The region presents an attractive investment proposition for China because of its resources and markets, Margaret Myers, director of the Asia and Latin America Program at the U.S.-based think tank Inter-American Dialogue, told CNBC.
"In Latin America, China's looking for soy, above all, to address what is a fairly critical food security challenge at home. " Myers said.
She added: "The region also plays an important role in China's broader energy security calculations, and that's one reason why we see China continuing to engage with Venezuela, despite the many challenges there."
China also invests directly in key sectors through investments, mergers and acquisitions. Between 2005 and 2020, it invested more than $130 billion in the region, including $60 billion in Brazil, $27 billion in Peru, $27 billion in Chile, while Argentina received $12 billion of Chinese official foreign direct investment.
Ruben Gonzalez Vicente from the University of Birmingham said: "From 2000 to 2010, most Chinese investment in Latin America went into the extractive industries, into mining and oil in South America mostly. [China's] Belt and Road initiative starts in 2013, and what you start seeing is a lot of loans from Chinese policy banks to governments in the region that are used to hire Chinese contractors to develop infrastructure."
Besides infrastructure projects, China has also poured money into politically sensitive areas in the region, such as telecommunications, nuclear energy and space.
Roberto Garcia Moritan, the former Argentinian deputy minister for foreign affairs, said: "There is a space station of China [in Argentina], with Chinese military personnel. So, we are entering into a new phase of the Chinese-Latin America relationship.
"It's not only trade, it's not only commodities, but also a presence that is becoming very important in technological areas."
However, Beijing has insisted in previous media reports that its deep space ground station in Argentina is for civilian use only, adding that "the suspicions of some individuals have ulterior motives."
Watch the video to find out why China has its eye on Latin America.
#CNBC #China #LatinAmerican #Caribbean #Geopolitics
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The countries of Latin America are sovereign nations and have the right to form their own decisions.
Isn't that what they said about Ukraine? 😮
Yah.. but you forgot that the West think it has the absolute right for hypocrisy.
So the West can be a hypocrite and spread lies (e.g. WMD, XinJiang) and no one
should point out the obvious (e.g. blowing up Nord Stream, Funding and weaponizing
Palestinian genocide etc).
If Latin American countries want to join the Shanghai Cooperation Organization, such as Cuba, Venezuela, Nicaragua, and especially Mexico, the United States will definitely destroy this country. Fortunately, China has not forced, tricked or pressured Latin American countries into introducing Chinese military bases. All cooperation is based on civilian development rather than military.
what is your point? tell me please
@@tryingmybest206 i think the point is to say that we, latin americans are very pleased by china investments and partnership. There is no problem in China being here. Different from other countries, china is always looking forward to grow TOGETHER with their partners
World Politics are out of Balance because BRICS states offer an alternative to world bank states and at the same time the economy is shifting a bit towards china.
The US is allowed to impose sanctions on Latin America, while China is not allowed to engage in free trade with Latin America.
Thier backward thinking
Xu, interesting last name. Do better next time.
They think they are the leader of the world and every country have to listen to them
@@CCCC12110When the other side uses solid arguments and logic, and you use an ad hominem.
Life’s not fair, is it?
As a brazilian, do you know what make this video funny for me?
The video talking about Latin America, didn't interviwed Latin Americans 😑
This is a JOKE, this is why Latin America is getting away from the US, they see us just a mere backyard and some "Latinos" they can manipulate as they wish.
yes, video is joke.
What's always funny to me is that Brasil is LatAm, but not Hispanic (whereas the Philippines is Hispanic, but not LatAm) ... and the American's never understand how that can be.
This is their so called international rules based order
Because USA don’t want a strong Latin America they just want us to make their stuff for them and be quiet so they can enjoy the spoils of life
@@ZweiZwolfwe know what we are!! We are Latin Americans! Are you from Latin America?? Latin America == Countries in the Americas that speaks Latin languages like Spanish or Portugués!! It seems that you are the one who has NO idea of what you are talking about. What a shame!!
US is soooooo jealous of China!!😂😂😂😂
幸亏中国人多，有核武器保护自己，要不然中国早被美国轰炸了😅😅
China really makes USA freak out😂
it's super hilarious
Jealous of evil atheists? No, just concerned.
title should be: why Latin America doesn't want to be banana republic forever?
Or Why they don't want any more coup
@@GTFO_0or sanctions, interventions, lectures & threat
👍
United Fruit Company: That sounds bad🤑
@@GTFO_0 No coup? OK, but USA also likes invasion and assassination.
maybe because US treat Latin America too bad.
For decades…
« The back Yard »😂
@@carlosmario7608centuries*
@@carlosmario7608for hundreds years since US invaded Mexico
It's none of the US business. USA is so used to interfering. It needs to show Latin America some overdue respect
US should be thanking China for its Belt & Road to Latin America. As the result of crippling sanctions to Venezuela, guess where many of the Migrants coming the US are from?
Sounds like USA is getting ready to give LatAm more "freedom", "human rights" and "democracy" ...
Argentina is going through a major inflation crisis but they got themselves in major debt and isolated themselves from doing business with the world.I dont even think china can help them out that crisis.And i dont see the US helping them get out of it.The US is better focus on and interested in doing business with mexico.
The problem USA has is that they only want to give "aid", and treat countries as perpetual charity cases. China is willing to sit across the table from them and make a deal, that's what countries need to truly develop.
@@razorsharplifestyle101hard9 usa rather do business with argentina since its a white country
It appears china is eyeing Latin America to have free trade. Meanwhile, the US is looking to provide Latin America with free lectures.
美国人的嘴巴永远这么廉价，尤其是美国媒体和政客的嘴巴非常廉价，他们会随时给你承诺一个梦想，直到它破灭也不会给你机会或帮助实现它。
Well-said
Important woke and correct Pro Noun usage 😂😂
Not just lectures but threats n blackmail
Spot on
Why is the USA so interested in Taiwan when it is thousands of miles away?
No 1. Semiconductors. No.2 It is the region with the most potential for war with China. Only war and inner conflict can slow down the Chinese.
And it is a Chinese island province.
Because they are a leader in making microchips which are very important in the future. USA can't produce them at a reasonable cost.
@@chacosavagenot only that but the US was once at the forefront of bleeding edge semi conductor manufacturing but sent manufacturing to cut costs. Now Taiwan leads the way. The whole world depends on those semi conductors. Taiwan is now setting up manufacturing plants in the US.
Just do this: offer something better to those countries. Can you?
they only offer sanctions and regime change. 🥲
🤷♀️
US offers a market to sell to, it’s forte is not really exporting.
It’s why US market alone is worth all of Europe, China, Japan, and India all in one single market.
The best USA can do is either Decouple that leader that doesn't bend to America...Or Make a violent coup 😂😂or Recognize your puppet as a real leader of that country you hate and Sanctions them heavily
@@abdiganiaden China's market alone is almost the same like the US. It's even bigger in some industries.
why can't USA just help these latin countries??? All they do is talk bad about the chinese.
The US is only interested in plunder n exploitation of those poor n weak nations. Whenever they provide 'help', it always comes with a hidden agenda
Today, US itself is crying for help...😂
"Why China is this, why China is that"
China seems to live rent free in your head. Give the people what we want. Videos on Bulgaria. 🇧🇬
OK Wumao.
@@JigilJigil cope
CNBC is an American company.
What do you expect?
China is the most important and most influential economy in the world!
We have a Wumao party here.
Your reporter is NUT by asking the question of why China is interested in Latin America. China is 1st and foremost a trading nation and the world manufacturing hub. She is the largest trading partners with almost 146 countries including US. China will court with any countries that are willing to trade with her with no arm twisting, non interference in other countries' internal affairs and treat every nation big or small as independent sovereign state with no condescending lectures.
China also interfered in country internal issues
Because of china inflation start in Argentina
Deep down she admires and lives the colonialism of a hundred years ago, of course with Chinese characteristics.
Sure. China, a brutal totalitarian regime, wouldn't interfere in other countries internal affairs. They would just annex them, like they did with Tibet and want to do with Taiwan.
Nice try, wumao.
@@ItsMeMayur007and today Millei admit Argentina cannot survive without China
@@_aponak4716 over depend on someone who's not trust worthy..
It's bad decision for nation.
Trading with China can provide Latin American people with a living, which could end up alleviating USA's illegal immigrant problem.
However USA is not happy about that.
Can you really blame Latin Americans wanting to trade with China?
China brings mutually beneficial trade deals.
USA only been horrible to them - invade, plunder, coup, oppressions, etc.
What should be asked is why Latin America chose China, which is thousands of km away, rather than the US?
Anyone know the answer?
I think everyone knows the answer. You just need to look at US coups and attempted coups in Latin America, and the Monroe doctrine.
@@BigVic13
Correct.
The Monroe Doctrine, basically says "Latin America is the US's playing pan."
Because the US doesn't give a damn about Latin America and Africa, US only cares about EU.
For Latin America, US has been always like that gorgeous woman that everyone dreams with, but she shows no interested on you. So, other girl appears, she is not as pretty as the one you used to dream with, but she is interested on you and offers your her love and all attention... that's China.
Plan condor:
We love china from Brazil
The fact people like taylor swift in Brazil mean that they like the USA. Multiple polls have been conducts that show that the majority of the population of Brazil is not favaorable to the US government
@@rafaelnunes9731 your logic: if you like Taylor Swift you like the CIA too. 😂
@@rafaelnunes9731 💀🤣
@@rafaelnunes9731 Brazil is BRICS member and u.s don't like it😁
@@rafaelnunes9731 You're really trying to peddle this binary bullshit? So if Brazilians like the US then they must hate China, or the other way around? 🙄
USA hegemony don't get it. G77, global south, brics plus, africa, etc, they all wanted a multipolar international community, not just one dominate power in USA.
The correct reference is one big gangster.
You are talking about Latin America. Why don't you invite Latin Americans to be interviewed? It is not only China's interest. It is mutual.
China needs to do more to contain the US.
This is such an underrated comment lol
US should do more to contain China.
@CCCC12110 800 oversea military bases not enough for warmongering America?
i don't even like China but yes they do have to balance out American arrogance
I don't think it's China eye on Latin America, it's Latin America that hasn't changed much under the “help”of the Western, so they eye on China.
Big question, why is USA not helping and investing its neighbors? Why does Latin America must always remain poor and underinvested?
Their priority is defending Taiwan and the South China Sea.
@@kamsunleong6648为什么你会跑到太空想保护外星人？😢你保护好自己家人了吗😢😢😢
Because the US only cares about dominating the world through force
Un día sin hablar mal de China es un dia perdido. BBC, CNN, CNBC y demas mierdas aromaticas
😂😂😂😂that’s totally true 😅
Exactly
这些媒体整天拿着圣经朗读，面对耶稣祈祷。但私底下却做非常脏的事。
Why America has it’s eye on the Middle East??????
Oil
Latin America has suffered greatly, and the West has done little to help. 😢🌈
and you didn't know the very reason they suffer is because of the west and usa lol?
@@timothy1949 It always the fault of the West not of the bullshit populism going on in those countries...LOL.
Unpopular opinion: South America and Africa were left in dust by the WEST because the West wants to attract talents + capital flying from those countries. All those help making WEST as the unique center of the world, no where else!
@@oceanwave4502 Complotist opinion...The West is not the reason you failed to develop: your mistakes are...
The west and US are the cause of suffering. It is why BRICS is expanding so that developing countries can manage their own development .
ridiculous question? Why China can't?
I actually like Chinese president he's very intelligent he knows the sacrifices
West and its over obsession with China. 😂
if they are at the mercy of china? why doesnt usa intervene? like providing loans? or provide any help? last i see us dictate how latin america in summit of america?
Beacuse They were too busy DeStabilising Latin America from their Regular Coup and Intervention...now thhe leaders have Learned the lesson they simply give a huge middle finger to Washington
US providing loans to Latin America? LOL avoid at all cost. Look at what the debt trap did to Argentina. Avoid the West. Work with the Best. China!
They are NATO, No Action Talk Only. 😂😂😂
China has an excess unemployed STEM graduates who could be exported to Latin America, particularly Argentina and Brazil, and transform Latin American countries into a R&D hub in the world, especially biotechnology.
China encourages Domestic Manufacturing in Latin America for savings and revenue translated as investments by Governments. China should improve Macroeconomic environment of Latin America as its easy for them and also promotion of Trade is seen with the stability gained in Latin American economies.
IDK about the other countries but in case of Brazil, China only imports commodities from whilst the US imports mostly machines and manufactured goods. What the US does is way more encouraging to domestic manufacturing than what China does
The opposite is true, China has been destroying those countries domestic manufacturing with pouring their markets with Chinese made cheap junks.
Whatever business that does happen in LatAm inevitably goes through layers and layers of bureaucracy, kickbacks, bribes, or other grey-area corruption. The bigger the deal, the higher the cost incurs on their economy and peoples. Fundamentally, LatAm suffers from the lack of sound geography and brain drain.
@@MrVitoraoyou forget the sanctions all over latin America preventing them from development by u.s
@@mna7308 all over latin america? i don't think so. Only Venezuela and Cuba goes through sanctions
Nobody Trust the US! 😂
A América do Sul tem total liberdade de negociar com a china sem a interferência de norte-americanos foi eles que sempre negligênciaram a situação econômica e desenvolvimento dessa região e já com a china do que ela se torno hoje o continente sul-americano pode melhorar muito mais rapido
For win-win cooperation!
Thank to China, Chile now has the fast train in all Latin America
I wonder if China will fund and support military coups too?
never heard China would do such thing.
Like america has for the last century ?
They do, and more than the Chinese always fully supprort atrocities by authoritarian regimes both in Africa and SAmerica.
@@JigilJigil in a really sh*tty situation, a dictator is better than anarchy.
"if only give people the vote" or "self determination" doesn't always work. freedom and democracy is lowest in almost everyone's daily concern around the Globe.
for example, who did you elect to represent you in your local community? also this person you elected, how much say does she/he have on say the water plant and pipings that supply you with fresh water?
That was American specialty and we have no interest !
im mexican and i love chinese girls....
china is the future....
They won't marry you.
why not? @@koushikdas1992
🤣
I’m surprised MSNBC actually give an unbiased news like this one! But stop obsessing China! We need to be better on ourselves
Obsessed with China, LOL
I swear... the Americans are obsessed with China 🙌🏿
South China Sea is 8,000 km from the US, why is the US so interested in SCS?
Trade, China is interested in enhancing economic ties.
Vultures are eager to clean up the planet.
Why US has its eyes on Middle East, South Asia, South East Asia, East Asia, Africa, South America, East Europe?
So biased report, like usual!
You should ask Why the USA are so jealous!😅
Oh no, not free trade!
Another paternalistic view of us. Why the US hasn't done anything?, why does the US need to? If they want to trade cool but who are they to dictate how we make our deals?. We are not all Mexico.
apparently guaido is still recognised president of venezuela by the US and EU. whatever happened to that? lol
Yes so true
Where is he i guess he out side of the picture
And why imec new corridor does not include Latin America
How funny lol
Lithium, copper, nickel
60% Lithium Triangle - Chile, Argentina, Bolivia
Brazil, Ecuador, Venezuela
West - no alternatives
Loan for oil agreement
why the US has his eye along east china shore
china too rich, smart and powerful now. much love for china from mexico! xoxo
Yeah basically. if Capitalism is the game then money is power. Sustainable money. not printing money.
Why US has its eye on South Asia? LOL
😂 the guy gaved Venezuela as an example of what can go wrong with borrowing from China ......
Are sure Venezuela is not in that mess because of sanctions imposed by the US ?
Just asking ....
I believe it's a little more sinister than everyone is thinking.... The amount of growing Chinese influence into Latin America and Caribbean communities is to repopulate those countries with the Chinese population. In Costa Rica there has been a huge influx of Chinese citizens that live there now.
Corruption makes way for new colonisers
Latin America resents the USA, so no problem for them to deal with China.
video deserves more views. well presented content👌
Yes, but the video is full of false accusation against China in favor of the US.and its Western allies.
That's CNBC International
0:37 why don't they show the map the other way, across the Pacific ocean
Where's Juan Guido???
Yes correct I guess he kicked out of Venezuela
The title should be replaced by "Why the US has its eye on Latin America".
The United States had it's chance with South America and it didn't work out well for the citizens like the banana republic experience so there's no harm in trying another option
Southern most tip City: Puerto Williams, Chile
There are many pictures of USA diplomats in Asia as well (thousands of miles away from the USA).,,So what’s the logic behind this video? Can somebody explain? Thank you
Y not
Why America has its eyes on the world
Natural resources in Latin Amerixa is worth investing.
At least this program is not so biased
China is looking at other consumers than US and europe! To avoid to be too much linked to west that can sanction them anytime! For that they need those countries to become richer to buy their products!
I suggest CNBC international rename itself as CNBC Merica
Shouldn't the question be: Why countries in our own backyard are looking to China for helps instead of us??????!!!!!!🤔🤔🤔
How many Americans still think we could use the Monroe Doctrine with Latin America??!!!
Help them getting out from the prison of US Dollar . China has set them an example of standing up to tyranny of Western Oppression.
Market seeking
Resource seeking
Why show the map like that??? There’s better maps to show.
Win win
Ane friends and do business. Why not?
Silk Road - 21 century !!!!!
Why not?
Why USA is in se Asia?
China no santion to order country and in the world 😂😂😂😂😂😂
As the one lived in both China& Latam, they won’t make it out. not because of US nor other 3rd parties, but by themselves.
Commodity: soy
Energy security calculation - Venezuela - oil
US/EU vs China
Strategic ports
Telco and ICT
High speed rail, cloud computing, AI, renewable energy
Middle income trap
Peru doesn't has eny Airport or port like USA...why?
Why does the US have its claws in Latin America?
The last US President to visit LATAM (besides mexico) was obama in 2011 (Donald Trump was in Buenos Aires for G20 so a I Dont count). I Think that explain a lot.
LOL. The Chinese can’t even project power to their own back yard, let alone the Western Hemisphere.
At least in Peru , Huawei Technologies is bribing congressmen to accelerate its progress.
你有什么证据证明你见过吗？你真的看过吗？
The devil has his eyes on everything. Hell is calling!
Money talks, bullshit walks.
Because China's BRI is for connecting to the whole world not just for Asia, Middle East and Africa, but also for Europe and Latin America too! 😍🙏
Lol BRI 🤮
BECAUSE IT CAN！！
Huawei's equipment made standard that there are no back doors on its equipment, no wonder the South America and elsewhere in the world that are not allies with U S A, they prefer to use Huawei products.
What is WRONG with Chinese doing business with Latin American Countries ???
It's just a matter of time, nothing last forever it's time for a change for a better future for Latin America the bully is getting weaker now.
China is doing a lot of work... Like they do like to do business don't they?
When people have sex you watch and get jealous when people make money you do that too😂
Why does China have its eyes on Latin America? uhhh because we are nations that want to trade and develop and China gives us a better deal.
China is free to do as it wishes
Margaret Myers is so elegant, what a charming and beautiful creature.