Tara Hariharan, managing director of global macro research at NWI Management LP: “Energy deals between the two countries will most notably expand—with a boost to Argentina’s wind and solar energy sectors, and China seeing increased exports of energy products, services and technology. More broadly, Argentina and China envision closer trade and investment ties, and have grown their bilateral currency swap agreement to augment Argentina’s foreign currency reserves. Peru, Chile and Venezuela are Belt and Road members, as is Ecuador, which is now courting China for a free trade agreement and debt repayment extensions. However, Brazil and Mexico are not yet part of the initiative, and Latin America continues to be torn between economic allegiance to the United States or China. Led by the United States, the G7 nations in mid-2021 launched the so-called ‘Build Back Better World’ public-private initiative, advocating for infrastructure financing based…”