CHINA USES BRI TO CONQUER MEXICO – China is moving into Latin America through its BRI projects, especially in Mexico. Recently, China broke ground on two massive projects, a $2.16 billion railroad project and was given a license to broadcast in the nation through China Unicom, which even Biden hasn’t allowed entry into the U.S.
NEWSWATCH BLURB:
China’s Financial Footprint Deepens In Latin America – news.google.com
Excerpt:
In the last two weeks ending October 31, Latin America saw the highest number of Belt and Road Initiative (BRI) projects. These are largely Chinese state-funded development projects in infrastructure. Over that two-week period, China dished out around $5.3 billion in fresh capital, and Mexico got almost half of it — a $2.16 billion railroad project in Guadalajara.
On October 19, a 30-year operating license was given by Mexico’s Federal Telecommunications Institute to China Unicom — a state-owned telecommunications company that was banned from doing business in the U.S. over spying concerns in January 2022. The license gives China Unicom permission to provide services in the fixed and mobile telephone markets in Mexico.
