Commission finds Beijing cutting into U.S. economic dominance in Latin America

The U.S.-China Economic and Security Review Commission says U.S. economic dominance in Latin America is being “eroded” by Beijing. “China’s emergence as the region’s second-largest trading partner, a major lender, and the fourth-largest investor is eroding U.S. economic dominance in the region,” the USCC said in an Oct. 17 report . “The size and continued expansion of China’s market creates enormous growth potential for [Latin America and the Caribbean] exporters (particularly in agriculture) that the U.S. market cannot match.” The...