this post was submitted on 18 Jan 2024

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China widens South America trade highway with Silk Road mega port (www.reuters.com)

submitted 9 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[–] bartolomeo@suppo.fi 5 points 9 months ago (1 children)

the new port embodies the challenge facing the United States and Europe as they look to counter Beijing's rising influence in Latin America.

Why do the U.S. and E.U. want to counter Beijing's influence?

[–] nekandro@lemmy.ml 8 points 9 months ago

Because whereas Western lenders would want Peru to take on austerity measures in exchange for high-interest debt to fund this project, COSCO decided to just do it themselves.