Indeed it is.
This documentary (Partially in dutch, partially in English, partially in Spanish ; Use subtitles) shows what the Chinese have been doing in several South American countries, building infrastructure, creating contracts, buying oil, buying raw materials. But it is not just the Chinese.
One could say, the Chinese are investing in South American companies in exchange for oil and resources and raw materials. And that is what the USA should have been doing. But they didn't.
The Chinese even seem to sell and deliver weapons to Venezuela.
And now for some time the Trump Administration has been eyeing everything that is going on in South America. Marco Rubio is very clear about what he wants to do.
See the interview (youtube news video) with Marco Rubio post in #575 :
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