Latin America: The Next Chapter in China’s Global Economic Strategy ...Middle East

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Latin America: The Next Chapter in China’s Global Economic Strategy
source : OILPRICE ( Middle East ) () 49
For decades, China has been a key driver of global economic growth thanks to an economy that managed to maintain blistering growth for what seemed like forever. China’s economy ballooned from $1.2 trillion in 2000 to nearly $18 trillion in 2021, good for a nearly 10% annual clip ever since Beijing embarked on economic reforms in 1978. The country's gross domestic product (GDP) per capita, adjusted for inflation, rocketed from $293 in 1985 to more than $12,000 in 2021, one of the greatest economic transformations of modern times. But signs…

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