Why hedging is getting harder

In this episode of Pekingology, CSIS Senior Fellow Henrietta Levin is joined by Francisco Urdinez, Associate Professor at the Political Science Institute of the Pontifical Catholic University of Chile and author of the new book Economic Displacement: China and the End of US Primacy in Latin America. Francisco unpacks China’s strategy in Latin America, how regional countries have experienced China’s growing influence, how Chinese firms are replicating U.S. companies’ playbook from the early 20th century, and Chinese banks’ bad bet on Venezuela.