Sunday, November 27, 2005

China in Latin America

By Dawn's Early Light has been blogging quite a bit lately on China's growing economic and political involvement in Latin America. Is China planning on building a military base in Panama? Is China moving into position to take over the Panama Canal as Bill Gertz insinuated in his book China Threat? Is China just trying to buy off Taiwan's remaining allies in Latin America? Read this most recent post and decide on your own.

The Chinese, to grow their economy, require more natural resources than China has domestically. Securing metals and especially oil is vital to the long-term growth and modernization of the Chinese economy. China is seeking to obtain these supplies by increasing its good will with Latin American governments that have these resources, while minimizing Taiwan. Long-term Chinese goals will be to increase military contacts with these same nations to ultimately secure their economic interests.