China’s Interest in Latin America 1 October, 2012 Beck, Tanner C. Heckmann, Brian E. Mellon, David A. Thomas, Brian E.
Feb 01, 2016
China’s Interest in Latin America
1 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)– 70,000 bpd (2005)– 160,000 bpd (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?
• __________________________________________