Sunday, August 25, 2013

China Grows Its Influence In Latin America By Putting Economics and Practicality Ahead of Politics


China's increase in trade with Latin America is hitched to funding of military and major infrastructure projects in the region. Between 2005 and 2011 China extended over $ 75 Billion in loans to Latin American Governments. China is a potential source of funds for a project to build a Nicaraguan canal connecting the Caribbean with the Pacific Ocean. China clearly sees an advantage in playing an integral role in the development of Latin America and the Caribbean.

In return the region is a supplier of minerals and food products to China and a market for Chinese exports of growing importance.

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