What Does The High China Investments In The Caribbean Mean?

Published 2023-02-04
What do you think of the China-Caribbean relationship and the huge investments China is making in the Caribbean which will lead to huge China's influence in the region?

As the world’s second-largest economy by nominal GDP, totaling around USD18.32 trillion the past year, and the world’s largest economy since 2016 when measured by PPP – Purchasing Power Parity – China is a country that witnessed very rapid economic growth in the past decades. The two main factors explaining such are its rapid productivity growth and large-scale capital investment, financed by substantial domestic savings and foreign investments, too.

In 2022, China accounted for 18.6% of the global economy in terms of PPP. According to IMF – the International Monetary Fund – China is already the world’s largest economy, over 20% larger than the United States economy which used to be considered the top one globally.
Nowadays, China has foreign investments basically in every continent. Its economic superpower is unparalleled and constantly growing.

In the past years, especially in the 2005-2022 period, China has invested billions of USD in the Caribbean. This happened while signing tax and trade deals in several Caribbean countries. Is this to seize the region out of the West’s sphere of influence and bring it under the sway of Beijing?

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Sources/References:
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