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China’s Interest in Latin America 1 October, 2012. Beck, Tanner C. Heckmann, Brian E. Mellon, David A. Thomas, Brian E. Works Cited.
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China’s Interest in Latin America1 October, 2012 Beck, Tanner C. Heckmann, Brian E. Mellon, David A. Thomas, Brian E.
Works Cited • Aquino, Carlos, “China’s Influence Grows in US’ ‘backyard’,” in ChinaDaily USA. (June 25, 2012). http://usa.chinadaily.com.cn/opinion/2012-06/25/content_15520252.htm. • Backer, Larry Cata, “Thoughts on the US-China Economic & Security Review Commission Report: China in Latin America,” in Law at the End of the Day. (March 5, 2012). http://lcbackerblog.blogspot.com/2012/03/katherine-koleski-for-us-china-economic.html. • Branigan, Tania, “China Goes on the Rails to Rival Panama Canal,” in The Guardian (February 14, 2011). http://www.guardian.co.uk/world/2011/feb/14/china-rail-rival-panama-canal. • Ferchen, Matthew, “China’s Latin American Interests,” in Carnegie Endowment for International Peace. Washington, DC (April 6, 2012). http://carnegieendowment.org/2012/04/06/china-s-latin-american-interests/a7av. • Dowd, Alan W., “Crisis in the America’s: Countering China’s Reach in Latin America,” in American Security Council Foundation. Washington, DC (2012). http://www.ascfusa.org/content_pages/view/crisisinamericas. • Ellis, R. Evan, “Chinese Soft Power in Latin America: A Case Study,” in NDU Press. Washington, DC (2010). http://www.ndu.edu/press/chinese-soft-power-latin-america.html. • Lafargue, Francois, “China’s Presence in Latin America,” in China Perspectives. (2006). http://chinaperspectives.revues.org/3053. • Lewis, Leo, ”China Eyes Panama Canal Expansion,” in The Australian: Business: With the Wall Street Journal. (September 26, 2012). http://www.theaustralian.com.au/business/world/china-eyes-panama-canal-expansion/story-e6frg90o-1225827691243.
Increasing Chinese Interest • Chinese investment in Latin America increased 7 fold from 2003 to 2008
Trade Between Latin America & China • exports from China to Latin America increased 3 fold from 2000 to 2005 • imports to China from Latin America increased 5 fold from 2000 to 2005
Top 5 Recipient Countries of Chinese Exports in Latin America • Mexico, Brazil, Panama, Chile and Argentina account for three-fourths of Chinese export recipients (2004)
China’s Top 5 Suppliers • Brazil, Chile, Argentina, Mexico and Peru account for 89% of Chinese imports (2004)
Agricultural Resources • diminished farm production in China, due to… • industrialization • poor irrigation
Agricultural Resources • China as the world’s leading consumer of soya • half of China’s consumption is imported • from the United States, Brazil, and Argentina
Mining Resources • Latin America • 45% of the world’s copper reserves • 25% of the world’s silver reserves • 33% of the world’s pewter reserves • from the United States, Brazil, and Argentina • Chile & Peru • Produce 44% of the world’s copper output • China biggest consumer, acquiring half of Chilean-Peruvian copper exports
Mining Resources • Cuba • third largest producer of nickel in the world • China ranks third • as Cuba’s main trading partner
Mining Resources • Brazil • third largest producer of iron ore • China ranks third • as Brazil’s main trading partner of iron ore
Oil Resources • China became the world’s second biggest consumer of oil (2002) • diversified its market to include Africa, Central Asia, and Latin America
Oil Resources • Venezuelan President Hugo Chavez &Chinese President Hu Jintao (2004)
Oil Resources • Venezuela’s oil exports to China after 2004 • 12,300 bpd (2004) • 70,000bpd (2005) • 160,000bpd (2006) • Brazil second highest oil reserves in South America, followed by Ecuador
Oil Resources • Panama Canal remains narrow for oil tankers to pass through it
Panama Canal • $5.25 Billion (U.S.) • to widen & deepen the Panama Canal in order to facilitate trade across the Atlantic to the Pacific • Facilitates China’s growing consumption of oil from Venezuela & raw materials from Brazil
Panama Canal – Alternative • railway through Columbia • Chinese initiative • circumvents Panama Canal • area dominated by rebels and militias
Review • Due to China’s rapid industrialization, the country has an increased need for: • ____________________ • ____________________ • ____________________
Review • What main countries facilitate this growing consumption? • ____________________ • ____________________ • ____________________ • ____________________ • ____________________
Review • How is China’s consumption need for Latin American resources manifested? • __________________________________________