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After Trump’s Venezuela takeover, China’s investors prep for Latin American era of anxiety
Washington’s moves to assert dominance in the western hemisphere could see tighter restrictions to curb Beijing’s growing footprint
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Chinese companies operating in Latin America are bracing for greater uncertainty rather than an abrupt rupture, as Washington moves to reassert dominance in the western hemisphere following the ousting of Venezuelan President Nicolas Maduro, according to analysts.
This sense of caution comes amid intensifying US efforts to curb China’s footprint in strategic resources, infrastructure and trade across the region.
“There is little doubt that a Trump-style Monroe Doctrine is aimed squarely at countering China’s growing influence [in Latin America],” said Wang Yiwei, director of the Institute of International Affairs at Renmin University, referring to a revived interpretation of the foreign policy that seeks to reassert US dominance in the western hemisphere by curbing the influence of rival powers, particularly China.
Wang added that Washington is pursuing a calibrated, low-intensity strategy to limit China’s influence in Latin America by tightening control over strategic minerals, shipping lanes and port infrastructure in countries such as Venezuela, both directly and through corporate proxies, “in a clear effort to dilute China’s influence and weaken the Belt and Road Initiative”.
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