In May, People’s Republic of China (PRC) President Xi Jinping announced an RMB 66 billion ($9.2 billion) credit line to partners in the Community of Latin American and Caribbean States. Unveiled at the opening ceremony of the annual at the China-CELAC Forum in Beijing, this was the latest example of a determination to leverage the PRC’s vast financial and economic resources to expand influence in the region. Xi also vowed to increase imports from the region and encourage PRC firms to invest there (Xinhua, May 13).
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