China's Strategy in Latin America

China has strategically gained economic influence in Latin America as part of its global ambitions. It sees Latin America as a way to counterbalance the United States and expand its sphere of influence in the Global South. China's encroachment into Latin America began in the early 21st century, with an initial focus on economic investments and trade. They took advantage of US neglect and the financial crisis of 2008 to gain a foothold in the Inter-American Development Bank. China's strategy involves using the bank to co-finance major projects in the region, coupled with the Export-Import Bank of China. Venezuela has been a key target for China, receiving significant credits and loans, effectively buying the country. China's influence in Latin America also extends to military support, satellite tracking stations, and cooperation with organized crime networks, such as cartels involved in drug trafficking. Overall, China's economic and military presence in Latin America poses a threat to US interests and regional stability.