Hu Jintao, Chinese President has sealed a deal of free trade with Peru. China wants lower tariffs on its exports and more access to Latin America's raw materials. The visit signals China's growing economic strength and influence in the region.
Hu Jintao also stopped by Cuba, agreeing to buy the island's sugar and nickel as well providing aid to the country.
Peruvian domestic sectors fear that this free trade deal will bring more harm than good with the influx of cheap Chinese goods to the economy.
I think the relationship between the USA and Latin American countries could grow more tensed...
1 comment:
Yea man. China is no joke. They have taking over Africa and moved on to Latin America. This is serious for anyone who wants American to stay the top country in the world. Fareed Zakaria has a new book out called "The Post-American World" but the content is less about the demise of America than it is about the rise of China and India and what the world will look like with these three major superpowers.
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