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China pursues Latin America ties | China pursues Latin America ties |
(about 6 hours later) | |
Two top Chinese officials have started visits to Latin America as part of an intensified effort to strengthen ties with the region. | Two top Chinese officials have started visits to Latin America as part of an intensified effort to strengthen ties with the region. |
Chinese Vice-Premier Hui Liangyu is to visit Argentina, Ecuador, Barbados and the Bahamas. | |
Vice-President Xi Jinping is visiting Jamaica, Colombia, Venezuela and China's two biggest trading partners in the region, Brazil and Mexico. | |
China has stepped up its efforts to strengthen ties with Latin America. | China has stepped up its efforts to strengthen ties with Latin America. |
It is rare for two of its top leaders to descend on the region almost at the same time. | It is rare for two of its top leaders to descend on the region almost at the same time. |
New markets | New markets |
It is not simply a trip to groom a president-in-waiting or to strike more deals for natural resources, as is often the case with Africa. | It is not simply a trip to groom a president-in-waiting or to strike more deals for natural resources, as is often the case with Africa. |
President Hu was given a warm welcome by his Peruvian hostChina's export markets in Europe and North America have shrunk substantially in the global financial crisis. | President Hu was given a warm welcome by his Peruvian hostChina's export markets in Europe and North America have shrunk substantially in the global financial crisis. |
The government is desperate to open up new markets in the region of more than half a billion consumers and maintain market share for China's export machines in 2009. | The government is desperate to open up new markets in the region of more than half a billion consumers and maintain market share for China's export machines in 2009. |
China is the third largest trading partner for Latin America. | China is the third largest trading partner for Latin America. |
Bilateral trade reached $100bn (£67bn) in 2007. | Bilateral trade reached $100bn (£67bn) in 2007. |
In January this year, China joined the Inter-American Development Bank with a donation of $350m (£237m), paving the way for Chinese companies to take part in infrastructure projects there. | In January this year, China joined the Inter-American Development Bank with a donation of $350m (£237m), paving the way for Chinese companies to take part in infrastructure projects there. |
China is executing a long term strategy to position itself for further influence in the region. | China is executing a long term strategy to position itself for further influence in the region. |
Beijing published its first ever policy document on the region last November before the country's president visited Costa Rica, Cuba and Peru. | Beijing published its first ever policy document on the region last November before the country's president visited Costa Rica, Cuba and Peru. |
The current economic downturn presents a good opportunity for Beijing to play a bigger role internationally. | The current economic downturn presents a good opportunity for Beijing to play a bigger role internationally. |
So the Chinese leaders will be listening to views from the region and try to reflect their interest at such forums as the Group of 20 summit in April. | So the Chinese leaders will be listening to views from the region and try to reflect their interest at such forums as the Group of 20 summit in April. |
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