Over the past two decades, China became an increasingly powerful player in Latin America, displacing the U.S. as a top trading partner and strengthening its political influence in the region. But now, China’s growth has suddenly slowed, creating significant economic risks for Latin America—and opportunities for the United States.
A Hong Kong court ruled last week that the largest indebted property developer in the world, Evergrande, would be liquidated. The ruling opened up a slew of larger questions about the future of the Chinese economy, especially the relationships between the central government, local governments, the private sector and households.
Cuban President Miguel Diaz-Canel replaced the country’s economy minister, amid delays to planned price hikes for fuel and transportation that the government blamed on a cyberattack. The fate of the measures, which had been scheduled for Feb. 1, is now uncertain. But the economic crisis that made them necessary is exceedingly clear.
