When China’s trade with Latin America reached a record US$518.4 billion in 2024, it marked a fundamental shift in hemispheric economics. Beijing is now the largest bilateral creditor and second largest trading partner of Latin America and the Caribbean, with President Xi Jinping pledging a new credit line of 66 billion yuan (US$9.2 billion) at the 2025 China-Celac (Community of Latin American and Caribbean States) forum.
Chinese investment has evolved from extractive industries towards clean…
