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Photo: World Leaders at the 2016 APEC Summit, 20 November 2016.  APEC Peru 2016, license: CC BY-NC-ND 2.0 

If the Chinese get one thing right, it is timing. Shortly after the US elections, Beijing made public its strategy for engagement with Latin America and the Caribbean, intended to send the world a reassuring signal in times of turmoil. This was in November 2008, amidst the fallout from the global financial crisis and just days prior to the APEC summit in Lima that year.

Beijing’s recent...

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