China's rise as a global power challenges US dominance, reshaping international economic policy and institutions.

China's ascent as a global power coincides with a decline in U.S. dominance, reshaping international economic policy and institutions. China's defense spending is increasing, though still significantly lower than the U.S. The country is enhancing relations with Latin America and the Caribbean through initiatives like the Belt and Road Initiative and currency swap agreements. This shift highlights a transition in global leadership and new economic opportunities for the region.

September 23, 2024
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