For much of the past year, there's been a lot of talk about China's new leaner, more focused Belt and Road Initiative that goes by the mantra "Smart and Beautiful." The problem is very few people actually know what it looks like in practice.

But that's starting to change, particularly in regions like Latin America and the Caribbean (LAC) where two seemingly contradictory investment trends are taking place: overall Chinese FDI in the region is down but in key areas, so-called "new infrastructure," Chinese investments in LAC countries have been going up.

Margaret Myers, director of the Asia and Latin America Program at the Inter-American Dialogue think tank in Washington co-authored a new report on China's evolving investment priorities in the Americas and joins Eric to discuss why Chinese FDI today looks very different than it even just a few years ago.

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