Struggling socialist Latin American countries are turning to China for financial help, which often results in China seizing assets due to the nation’s defaulting on loans. The U.S. government is disturbed by the political and military footholds China is gaining through the deals. China and Latin America relations analyst Fernando Menendez says lending money to economically short-sighted governments, with the potential to acquire their assets, was a masterful chess maneuver for China.
