Economics: Why China is backing Latin America
China has established strong economic ties in Latin America. It is funding infrastructure and offering loans to help development. In return it gets a new export market and access to the region's raw materials as GIS expert Dr Joseph S. Tulchin explains.
CHINA replaced the European Union as Latin America’s second largest trading partner, after the United States, in the middle of 2011. And it is making significant investments in the region with almost a third of its US$44 billion overseas investment between June 2010 and May 2011 going to Latin America.
The Chinese rival the US as a newly-important trading partner, even in places lik...
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