“China is moving into the United States’ backyard—but it’s not clear if this is a bad thing for anyone.  Beijing is directing an increasing amount investment into Latin America, raising sphere-of-influence worries in the U.S. and trepidation among some local enterprises. China’s involvement in Latin America can be seen as an extension of its 1999 Go Out policy, which said the country should invest abroad to secure access to natural resources, gain new markets for exports and internationalize Chinese firms. Despite this open strategy—Beijing explicitly addressed its interest in Latin America in a 2011 white paper—the growth of China’s involvement in the region has taken many by surprise.”

http://www.cnbc.com/id/102376129

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