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.
Asia-Pacific
When Malaysian Prime Minister Anwar Ibrahim took office, even his own supporters doubted that he could tackle much-needed reforms. But they expected to see at least some of the changes he had promised during his years in opposition. Slightly more than a year into Anwar’s term, however, he has scant progress to show on any front.
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.