Wind and solar farms in Argentina, a hydroelectric power plant in Brazil, oil fields in Venezuela... Chinese investors have poured billions of dollars into South America in recent years.
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"Chinese state-owned companies in particular have a strong presence in the energy sector," explains Roberta Fortes, economist at Coface. PowerChina, for example, has more than 50 projects underway in <> Latin American countries." The region needs significant funding to build the infrastructure it needs to develop. But China's appetite, which is targeting strategic assets (energy, mining, ports, etc.) everywhere, is raising growing concerns, particularly in terms of national sovereignty.
Pharaonic and controversial
Recently, it is the scale of investment in Peru that has crystallized concerns, first and foremost those of the United States. Speaking on condition of anonymity, a U.S. official who spoke to the Financial Times said...
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