CHINA'S RELATIONS WITH LATIN AMERICA AND THE CARIBBEAN AT THE PRESENT STAGE; [ОТНОШЕНИЯ КНР С РЕГИОНОМ ЛАТИНСКОЙ АМЕРИКИ И КАРИБСКОГО БАССЕЙНА НА СОВРЕМЕННОМ ЭТАПЕ]

In the "new era" of China’s foreign policy based on the concept of major power diplomacy with Chinese characteristics, Beijing has begun to change its attitude toward Latin America. In 2018, Xi Jinping officially invited Latin American countries to participate in the construction of the Belt and Road initiative, thereby bringing the region into the sphere of its global interests. This article is devoted to the study of the main directions of cooperation between China and the Latin American states and changes in the forms and instruments of Beijing's policy toward the region. The authors analyze the degree of involvement of Latin American states in the BRI and consider pros and cons of increasing China's influence in the region. The provisions of power transition theory form the methodological basis of the work, through the prism of which the U.S. factor in Sino-Latin American relations is examined. The final part of the article is devoted to the challenges facing Washington from the growing influence of China in the Latin America and Caribbean (LAC) region. © 2022. International Organisations Research Journal. All Rights Reserved.