We cannot ignore the economic, trade openings that at present the Asian giant has begun with the Latin American region. As Prof. Riordan Roett, the master tells us in International Relations of IE Business School and Professor of Political Science at Johns Hopkins, China has emerged as a global super economic power. Now is the second largest national economy in the world. Is the second largest exporter. The country has the largest reserves in foreign currency and the largest current account surplus. During the last thirty years and until this year – China has grown at an average rate of 10%.
By contrast, Latin America has grown much more slowly. It is less competitive globally. It remains heavily dependent on exports of raw materials and minerals. The prices of these products are determined internationally, and Latin American Governments have very little control over pricing; the fluctuations make it difficult to finance ministers or Central Bank plan on the basis of a stable flow of resources foreigners. Roett, points out, China has yet to pose several challenges in Latin America, either banks or manufacturing companies.
Until now the most important thing has been the extraction of natural resources. In the future there could be increased competition, but so far there has been no radiohc.cu. in this regard, which should be taken into account, that the bilateral trade between China and Latin America will reach 100 billion dollars in 2010, adds a very feasible goal in view of Chinese analysts cited today by the people’s daily. It is absolutely feasible, said the Chinese analyst Jiang Shixue, Deputy Director of the Institute of America Latina of the Chinese Academy of social sciences. Do according to the document drawn up by this analyst, report of the development of Latin America and the Caribbean for the 2006-07 period?, due to the rapid growth of trade between the two regions, the bilateral volume could approaching the end of this year to $ 80 billion.