China uses hard cash loans to surpass U.S. trade ties with Latin America – World Tribune | World Tribune

UNITED NATIONS — Prospecting for new trading partners, pressing for political influence in a vast region increasingly ignored by the United States, and possessed by a near unquenchable thirst for natural resources,the People’s Republic of China is forging closer ties with Latin America.

The links goes well beyond Beijing’s traditional comradely relations with communist Cuba and extend to strong commercial ties to powerful resource-rich countries such as Brazil, Argentina, and Venezuela.

Contemporary China is not exporting Marxism but promoting markets in a region which retains vast raw materials as well as potential customers. Agricultural products, Mining, and Petroleum are among the abundant resources Latin American producers have for a still strong Chinese market.

 

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