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Chinese President Xi Jinping and Venezuelan President Nicolas Maduro attend a welcoming ceremony in Beijing

China’s careful new focus on Latin America

Just a few years ago, China was going all-in in Latin America, making huge investments and cozying up to governments that did not get along with Washington. Yet instability in Venezuela and a new government in Ecuador have exposed Beijing to greater risk. While China is still deepening ties with the region, it has slowed down and changed tack, focusing only on investments that are a crucial strategic interest.

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