China's Latin American deals lock up resources

04/16/2009 | NYTimes.com

China has been finalizing a series of development deals in Latin America that would boost its influence in the region and guarantee its access to oil, iron ore, soybeans, and an array of resources and commodities that it will need for its future growth. A former U.S. Commerce Department official said China's loans and investments demonstrate "how the balance of power shifts quietly during times of crisis."

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