Posted on 07/08/2009 4:49:10 PM PDT by Flavius
All but invisible in Latin America a decade ago, China now is building cars in Uruguay , donating a soccer stadium to Costa Rica and lending $10 billion to Brazil's biggest oil company.
It's supplanted the United States to become the biggest trading partner with Brazil , South America's biggest economy.
China has moved aggressively to fill a vacuum left by the United States in recent years, as the U.S. focused on wars in Afghanistan and Iraq and the global economic crisis sapped its economy.
" China is rising while the U.S. is declining in Latin America ," Riordan Roett , a professor of international relations at Johns Hopkins University , said by telephone while visiting Sao Paulo . " China is all over this region. They are following a state-driven policy to expand their peaceful presence."
(Excerpt) Read more at news.yahoo.com ...
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