China surges in trade pacts with South America

[Alpharetta]

China eyes new turf: South America
Nov 22, 04 | 10:46 am
From: http://travelvideo.tv/news

When President Bush arrives here Friday for the Asia-Pacific Economic Cooperation Forum, he's likely to be met by student protesters already in the streets chanting against "globalization," "colonialism," and the US occupation of Iraq.

But China's President Hu Jintao is getting quite a different reception. For two weeks now, he's been cutting ribbons at new factories in Argentina, enjoying beef barbecues in Brazil, addressing congresses, and announcing investment projects as he and 150 Chinese businessmen make their way across South America and on to Cuba.

As in Asia and Africa, China is rapidly expanding its economic and diplomatic presence in Latin America. Frustration in this region over what is perceived as Washington's preoccupation with the war on terror, and US trade pacts that never quite get signed, coincides with a surge in exports and new trade deals with China.

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