Dan Rather Reports
China in the Caribbean
S7 E11:
(4/24/2012) Many believe that within the next decade, China, already the largest holder of U.S. debt, will replace the United States as the biggest economy in the world. And now, the Chinese are moving closer to America’s doorstep. Our six-month investigation has found that Beijing is quietly handing out massive loans to countries from Trinidad and Tobago to the Bahamas. These loans are being used to build everything from enormous infrastructure projects to luxury resorts. While many of these tiny island nations are desperate for the cash infusion, there are some who believe that this is just a form of “Chinese Colonialism.” So far, Beijing’s actions have been solely economic, but some worry that the next step could be the establishment of Chinese military bases just off American shores. According to some leaders in the region, America has lost interest in the Caribbean…and now China is moving in.