After ceding diplomatic and economic ground to Beijing, Washington hopes to win back its neighbours with new investments.
China has used its $1 trillion Belt and Road Initiative to expand its economic and diplomatic ties worldwide, including in Latin America – a region which the United States has long regarded as its back yard.
Over the last 20 years, Beijing engagement has raised concerns in Washington about its influence. The Biden administration has sent officials to Latin America to scope out how it can deepen ties. Jimena Blanco, head of Americas Risk Insight at Verisk Maplecroft, explains how.
And investors are pouring billions of dollars into educational apps. Gauthier Van Malderen, chief executive of Perlego, tells us why.