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China, The United States, and the Future of Latin AmericaU.S.-China Relations, Volume III$
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David Denoon

Print publication date: 2017

Print ISBN-13: 9781479899289

Published to NYU Press Scholarship Online: May 2018

DOI: 10.18574/nyu/9781479899289.001.0001

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China’s Rise in Latin America

China’s Rise in Latin America

Myths and Realities

Chapter:
(p.271) 11 China’s Rise in Latin America
Source:
China, The United States, and the Future of Latin America
Author(s):

He Li

, David B. H. Denoon
Publisher:
NYU Press
DOI:10.18574/nyu/9781479899289.003.0011

China’s growing presence in Latin America is among the most visible trends in the Western Hemisphere. Through trade and investment, China has reshaped the economies of several countries in the region, raising concerns both in Latin America and the United States. This study examines Chinese economic involvement in Latin America, focusing on trade, direct investment, and finance, and making five arguments. First, due to weaker growth in both China and Latin America, China’s regional economic expansion will slow down in coming years. Second, China is keen to forge closer ties with Latin America, but the idea that it has become a major target of Chinese expansionism is delusional. Third, Beijing talks a lot about South-South cooperation, but this has been more principle than actual practice. China no longer belongs to the periphery of the global system; it has become part of a semi-periphery. Fourth, some argue that emerging economic ties are detrimental to Latin America. In fact, the rise of China presents both challenges and opportunities for the region’s development. Fifth, there is a false fear that China poses a looming threat to American interests in Latin America. There is little evidence that Beijing seeks to upend U.S. regional dominance.

Keywords:   China, Latin America, trade, investment, finance, South-South cooperation

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