About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (April 20, 2005)

handle is hein.crs/crsaiwb0001 and id is 1 raw text is: Order Code RS22119 April 20, 2005 CRS Report for Congress Received through the CRS Web China's Growing Interest in Latin America Kerry Dumbaugh, Specialist in Asian Affairs Mark P. Sullivan, Specialist in Latin American Affairs Foreign Affairs, Defense, and Trade Division Summary Over the past year, increasing attention has focused on China' s growing interest in Latin America. Most analysts appear to agree that China's primary interest in the region is to gain greater access to needed resources - such as oil, copper, and iron - through increased trade and investment. Some also believe Beijing's additional goal is to isolate Taiwan by luring the 12 Latin American and Caribbean nations still maintaining diplomatic relations with Taiwan to shift their diplomatic recognition to China. Some analysts maintain that China's involvement in the region could pose a future threat to U.S. influence. Others assert that China's inroads in Latin America are marginal and likely to remain overwhelmed by the economic and geographic advantage of the U.S. market. Although many Latin American countries welcome the new Chinese investment, some view China as an economic threat, and are concerned that both their domestic industries and their U.S. export markets will be overwhelmed by cheap Chinese imports. This report will not be updated. For further information, see CRS Report RL32804, China-U.S. Relations: Current Issues and Implications for U.S. Policy. Introduction China's interest in Latin America is a fairly new phenomenon that has developed over the past four years. Beginning in April 2001 with President Jiang Zemin's 13-day tour of Latin America and followed most recently with high-profile visits by President Hu Jintao (November 2004) and Vice-President Zeng Qinghong (March 2005), Chinese officials have continued to court regional governments. While Beijing's interests in the region appear largely economic, they also have a political and diplomatic dimension and may have longer-term implications for U.S. interests. Economic Linkages Much of China's interest in Latin America - especially in South America - is economically motivated, with Beijing eager for access to such commodities as iron and other ores, soybeans and soybean oil, copper, iron and steel, integrated circuits and other electrical machinery, and oil in order to meet the demands of China's booming economy. Congressional Research Service +o The Library of Congress

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Already a HeinOnline Subscriber?

Log In

profiles profiles most