Monday, February 9, 2009

China invests in Latin America


China is Latin America's third largest trading partner, but the country is hoping for more.

Two top officials are visiting Latin America right now, which is unusual as a simultaneous trip.

Chinese Vice-Premier Hui Liangyu will visit Argentina, Ecuador, Barbados and the Bahamas.

Vice-President Xi Jinping will visit Jamaica, Colombia, Venezuela, Brazil and Mexico.

According to the BBC, the government is eager to expand new markets after connections with Europe and North America have collapsed.

Read more about China's goals, such as purchasing Latin American commodities like soya, here.

Source: BBC

Photo: President Hu in Peru

1 comment:

Hodad said...

fuck China, all out of Latin America
I was there 10 times, lived there 3 months
they ar racists assholes and all about raping resources
as I said, i will sink all chinese, japanese and russian boats I see raping the fish off of Central America
they stay on their side of Pacific, we on ours
and stupid AMERICA 'sheeples'

stop buying all that cheap chinese plastic wal mart crap

bring the shoe and hatand clothing business back to AMERICA's