Beijing is no longer seeking to make new advances into LatAm in the near term, WSJ sources report, instead focus shifted towards if the western hemisphere belongs to the US, then the Taiwan Strait belongs to China, but does not mean immediate action
Importance
Level 1
- Beijing is now playing defence, focused on avoiding a complete erasure from Venezuela’s oil reserves. This calculated retreat, according to sources, could reflect what China expects the US to do in the Taiwan Strait.
- Other incentives under consideration by Chinese officials, sources said, include Beijing potentially agreeing to buy billions of USD in long-term Treasurys.
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