August 1, 2019 |
Few regions have enjoyed more benefits from China’s Belt and Road Initiative than Latin America. From railways to bridges to transmission lines, China’s heavy investment in infrastructure is transforming local economies and earning it significant influence as the region’s biggest creditor. But it’s China’s investment in Panama that could yield the biggest strategic gains for Beijing.
A crucial land bridge between North and South America, coastlines along both the Caribbean Sea and Pacific Ocean and a vital canal linking both make Panama attractive from a geographical perspective. And as China increases its investment in the country’s offshore banking sector, this tiny Central American count
Country's location, canal, banking sector are appealing as Beijing pursues Belt and Road Initiative