China gives U.S. competition in Latin American trade and expansion

Source: The Guardian

China has set up camp in Latin America, a region once considered to be the U.S.'s backyard, and it won't be going anywhere anytime soon.
After Chinese trade in Latin America saw an increase from $10 billion in 2000 to $100 billion in 2010, the trend seems to be one that the business-focused nation will want to continue.
Among the trade agreements China has entered into include importing copper from Chile, soy from Argentina, zinc from Peru and iron ore from Brazil.
Agreements to sign oil deals with Chile and Venezuela have been postponed since China's earthquake, but are still scheduled to occur.
Though Venezuela President Hugo Chavez has declared himself to be a Maoist, Chinese officials don't seem to be affected by his ideologic rhetoric.

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