China's financing of Latin America
China's expansion in Latin America is not limited to trade, investment and clean energy, as financing in the region is increasingly important. There are two forms of financing for Latin America from the Chinese giant: commercial banking and development banking.
Between 2005 and 2018, there is a total of $141 billion in loans to Latin American countries. The loans to Latin America are mostly energy projects (69%), including hydroelectric plants in Ecuador, the solar park in Jujuy and oil production in Brazil and Venezuela.
China reaffirms its interest in the region with the expansion of financing to Latin American countries, and its search for hegemony takes another step forward by financing and building projects that help the New Silk Road located in Latin America.
