China Stakes Its Claim in Latin American Energy:

Figure 3: CDB and CHEMIX Loans

Source: World Bank Group: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=ZJ NOTE: Venezuela GDP is based on 2014 figures, the most current available by the World Bank 2019 GDP figure sourced from Statista. https://www.statista.com/statistics/370937/gross-domestic-product-gdp-in-venezuela/

collateral clauses, so private investors could underestimate the risk of default on their claims. And those who forecast global economic activity are unaware of the upward and downward movement of Chinese lending, which affects global aggregate demand.

Labor issues: LAC Workers want equal wages In analyzing the literature on China’s role in Latin America, experts agree that the country’s influence remains “most evident in decisions about sourcing labor, materials, and selecting contractors.” 52 These effects have been especially apparent in countries like Argentina, Ecuador, Guyana, Suriname and Venezuela,

INSTITUTE OF THE AMERICAS 24

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