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Chile’s new president faces most pressing threat from China Add to ...

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Michelle Bachelet, the popular former president of Chile, is back in power after winning Sunday’s runoff election in a landslide over her centre-right rival and onetime childhood playmate, Evelyn Matthei, by a wide margin.

It was a rare case where two women faced off for the top political job in a major Latin American country. But there is no question about which candidate made business people and investors more nervous. That would be the social democrat Ms. Bachelet.

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