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China's economic clout grows in south America.(Insider Report)(Brief Article)
In the company of an entourage of 200 businessmen and government officials, Communist Chinese President Hu Jintao arrived in Argentina on November 11. His Latin American tour included a visit to Cuba and a two-day Asia-Pacific Economic Cooperation summit in Santiago, Chile.
"China, which more than doubled its trade volume with Latin America last year, is looking at the region as a source of natural resources for its explosive economic growth," observed the November 11 Washington Times. "The Latin American nations, meanwhile, see Chinese investment as the key to kick-starting their economies, which are struggling to recover from recent failures."
One telling sign of China's economic ascendancy could be seen at the Buenos Aires Stock Exchange, where anticipation of President Hu's arrival sent stocks to ...
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