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China replacing US in Latin America

by Phantom Ace ( 44 Comments › )
Filed under China, Economy at July 9th, 2009 - 9:14 am

While the US wastes it’s time in the Middle East, Europe and Asia, the Chinese are increasing their influence in Latin America. This is very worrisome as this is our own hemisphere. One of the biggest gripes I have with US foreign policy is the fact that it is too Euro-Middle Eastern-Asian centric. This is our backyard with plenty of resources, we need to be dominant in our continent.

RIO DE JANEIRO, Brazil — 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.

Read the rest.

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