China Pledges $35B Latin America Infrastructure Investment Amid US Tensions
China has committed to investing up to $35 billion in Colombian and broader Latin American infrastructure projects, contingent on the United States following through with threats to block funding for Chinese firms. Ambassador Zhu Jingyang confirmed China and the BRICS New Development Bank stand ready to finance over 100 regional ventures.
The escalating US-China rivalry is reshaping economic dynamics across Latin America. Beijing’s countermove signals its willingness to leverage financial firepower to maintain influence in the hemisphere, with infrastructure spending as its strategic weapon of choice.