How China Beat Out the US To Dominate South America

No province is too small or remote for Beijing's careful attention. Bloomberg Businessweek: Chinese technology and money have helped build one of Latin America's largest solar energy plants in Jujuy (pronounced hu-HUY), where hundreds of thousands of panels coat the desert like giant dominoes. Chinese security cameras guard government buildings across the provincial capital. Servers hum in a Chinese data storage plant. Beneath the remote, craggy hills and vast salt lakes lie veins of copper, lithium, and zinc, the raw materials of 21st century -- technology -- including Chinese-made electric-car batteries. It's no secret that China has been pouring resources into South America this century, chipping away at the U.S.'s historic dominance and making itself the continent's No. 1 trading partner. But while international focus has turned in recent years to China's ventures in Africa and Asia, an important shift has gone largely unnoticed in the country's approach to South America: going local to expand and strengthen its financial grip. Instead of focusing on national leaders, China and its companies have built relationships from the ground up. In 2019 alone, at least eight Brazilian governors and four deputy governors traveled to China. In a September 2019 speech, Zou Xiaoli, China's ambassador to Argentina, said his country's infrastructure push was helping weave Latin America into the global marketplace. "China will lend strong support to Argentina's economic and social development," he said. As Argentina's Jujuy province illustrates, no region is too remote for China's scrupulous attention. With perhaps a touch of hyperbole, Gabriel Marquez, chief executive officer of a Jujuy lithium research and development center, describes the effectiveness of the approach: "You have this poor governor from Argentina who has Xi Jinping's phone number."

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