China Expands Influence In Latin America Through Belt And Road Initiative ...Middle East

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China Expands Influence In Latin America Through Belt And Road Initiative
source : OILPRICE ( Middle East ) () 38
As part of efforts to build more resilient global supply chains, Chinese investment in Latin America and the Caribbean under the decade-old Belt and Road Initiative (BRI) is continuing to drive major infrastructure projects and fuel trade. Since its inception in 2013 the BRI has played an important role in powering global economic growth, with emerging markets exporting raw materials to the country and importing refined products in return.   However, the country’s transition from a manufacturing-driven economy to a services-oriented…

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