China has been expanding
its relations beyond Asia-Pacific,
increasing investments and disbursing
development finance to Latin America
and the Caribbean as well as Africa.
While partnerships have only been
recently formed with these regions,
China has been making strides in
deepening ties and expanding influence
in other parts of the world. For Latin
America, cooperation with China
expanded in the 2000s, as it ushered in
Chinese investment in their industries,
eventually becoming its largest
trading partner. Through the Asian
Infrastructure Investment Bank (AIIB)
and the New Development Bank (NDB),
the newly-formed international finance
institutions of China and the rest of
the BRICS (Brazil, Russia, India and
South Africa), development finance has
continued to flow into these regions.
