CHINA TODAY faces an immediate challenge: energy dependence. For many years it has tried to diversify its sources of hydrocarbons, but the deposits of Central Asia and the Caspian Sea have turned out to be disappointing, with reserves much below preliminary estimates. As a consequence, within the last decade China has been paying close attention to Africa and Latin America. However, Beijing's growing political and economic presence is increasingly perceived by the United States as a serious intrusion, particularly when it comes to Latin America, an area the United States has ...

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