Trade with Latin America

From: China Daily | Date: March 3, 2005 | Copyright information

The Western media have made accusations that China's trade with Latin America has hurt the interests of the countries involved. These are groundless, says an article in People's Daily. An excerpt follows:

Economic relations between China and Latin America developed smoothly in 2004. Statistics show that the total trade volume of imports and exports stood at US$40 billion, an increase of 49.3 per cent over the previous year. By the end of 2004, China's investment overseas had reached US$37 billion, half of which was in Latin America. Countries in the region are glad to co-operate with China ...

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