{"id":11014,"date":"2021-03-24T16:38:17","date_gmt":"2021-03-24T16:38:17","guid":{"rendered":"https:\/\/diazreus.com\/what-has-the-digital-silk-road-brought-to-latin-america\/"},"modified":"2021-03-24T16:38:17","modified_gmt":"2021-03-24T16:38:17","slug":"what-has-the-digital-silk-road-brought-to-latin-america","status":"publish","type":"post","link":"https:\/\/diazreus.com\/es\/what-has-the-digital-silk-road-brought-to-latin-america\/","title":{"rendered":"What Has the Digital Silk Road Brought to Latin America?"},"content":{"rendered":"

By Xingjian \u201cJeff\u201d Zhao, Partner, Head of the DRT Shanghai office.<\/p>\n

\u201cAs the legend goes, when Henry Kissinger asked Premier Zhou Enlai about the lasting impact of the French Revolution at a Shanghai reception in 1972, nearly two centuries after the Bastille\u2019s fall, the Premier quipped: \u2018Too early to say.\u2019 Accurate or apocryphal, Premier Zhou\u2019s statement encapsulates the farsighted historical lens needed to evaluate China\u2019s current \u2018soft power\u2019 foray into Latin America, the Caribbean and much of the developing world at large. \u2018Soft power,\u2019 as the term\u2019s coiner Joseph S. Nye Jr. explained, is power through attraction as opposed to power through military coercion or economic inducement. The Digital Silk Road dimension of the Belt and Road Initiative as a focus of both Chinese investment and soft power engagement in the region cannot be over-stated. The Digital Silk Road, at its core, is aloose yet choreographed series of initiatives aimed at boosting China\u2019s soft power in, and exporting China\u2019s already well-entrenched digital infrastructure into, America\u2019sbackyard. Infrastructure and equipment providers such as Huawei and ZTE may\u2014despite omnipresent U.S. sanctions\u2014be good economic inducers in certain countries, but not necessarily effective propagators of Chinese soft power. However, fast-growing e-commerce platforms, such as Alibaba, Ant Financial and Tencent, are well-poisedto create necessary points of attraction that would lay the groundwork for China\u2019s soft power play. By selectively exporting an already mature and socially entrenched digital payments infrastructure from China to targeted regions, but not directly participating in local lending and deposits businesses, these companies can expand with minimal exposure to regulatory hurdlesor the need to acquire banking licenses. It isstill far \u2018too early to say,\u2019 in Premier Zhou\u2019swords, where this will all lead. But there is already precedent. Ridesharing company Didi Chuxing\u2019s success in Brazil, owing to the company\u2019s ability to localize and adapt its sophisticated pool algorithms and security features from China to Latin American cities, examples how creating points of attraction by importing existing digital infrastructure can align with consumer needs, a company\u2019s bottom line and China\u2019s interests in the soft power space.\u201d<\/p>\n

Read more…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Xingjian \u201cJeff\u201d Zhao, Partner, Head of the DRT Shanghai office. \u201cAs the legend goes, when Henry Kissinger asked Premier Zhou Enlai about the lasting impact of the French Revolution at a Shanghai reception in 1972, nearly two centuries after the Bastille\u2019s fall, the Premier quipped: \u2018Too early to say.\u2019 Accurate or apocryphal, Premier Zhou\u2019s statement encapsulates the farsighted historical … Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":11135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rs_blank_template":"","rs_page_bg_color":"","slide_template_v7":"","inline_featured_image":false,"footnotes":""},"categories":[231],"tags":[],"class_list":["post-11014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articulos"],"acf":[],"yoast_head":"\nWhat Has the Digital Silk Road Brought to Latin America? - Diaz Reus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/diazreus.com\/es\/what-has-the-digital-silk-road-brought-to-latin-america\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Has the Digital Silk Road Brought to Latin America? - Diaz Reus\" \/>\n<meta property=\"og:description\" content=\"By Xingjian \u201cJeff\u201d Zhao, Partner, Head of the DRT Shanghai office. \u201cAs the legend goes, when Henry Kissinger asked Premier Zhou Enlai about the lasting impact of the French Revolution at a Shanghai reception in 1972, nearly two centuries after the Bastille\u2019s fall, the Premier quipped: \u2018Too early to say.\u2019 Accurate or apocryphal, Premier Zhou\u2019s statement encapsulates the farsighted historical ... 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