TIME Magazineのインスタグラム(time) - 2月14日 02時29分

The U.S. and China are battling for influence in Latin America, and the pandemic has raised the stakes. Today, China is South America's top trading partner. In 2019, Chinese companies invested $12.8 billion in Latin America, up 16.5% from 2018, concentrating on regional infrastructure such as ports, roads, dams and railways. Chinese purchases of minerals and agricultural commodities helped South America stave off the worst privations of the 2008 financial crisis. And during COVID-19, Latin America is once again reliant on China, whose middle class drives demand for beef from Uruguay, copper from Chile, oil from Colombia and soya from Brazil. These are the commodities that will help Latin America weather the storm—and China will inevitably be the primary customer. "We'd rather not be so dependent on exports to China, but what is the alternative?" Paulo Estivallet, Brazil’s ambassador to China, tells TIME. "It's just more profitable to sell here than anywhere else." In this photograph: a soybean plantation near Machadinho d'Oeste in the Brazilian state of Rondonia in March 2019. The country exports 80% of its soybean crop to China. Photograph by @sebastianliste—@noorimages for TIME

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