China Invests More in Latin America

China set up a China Development Bank in Latin America. While the Trump administration says aid is a ripoff, globally the bank has financed $190 billion of projects globally as part of the Belt and Road Initiative.

Who signed on? Argentina, Ecuador, Mexico, Peru, Panama and Colombia. Notice these are all U.S. allies. China offers financing while the U.S. offers criticism and assertions that the "Monroe Doctrine is alive and well," which means the Trump administration believes it gets to choose who Latin America engages with. I wish I could be a fly on the wall as these speech and policy decisions are made. They seem almost intent on ceding influence to China.