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             China Woos Latin America with Promises of Investments

   by VOA News

   Chinese President Xi Jinping has pledged to increase cooperation with
   Latin America and the Caribbean as he opened a forum in Beijing with
   leaders from the region.
   The meeting between Xi and leaders of some 30 Community of Latin
   American and Caribbean States comes as China pushes for more influence
   in what has traditionally been Washington's backyard.

   Xi said two-way trade between China and Latin America was expected to
   rise to $500 billion in 10 years.

   China has particularly strong ties with several Latin American nations
   that have clashed diplomatically with the U.S., especially Venezuela.

   On Wednesday, Xi met with Venezuelan President Nicolas Maduro, who said
   he received pledges of $20 billion in Chinese investment in his
   country's beleaguered economy.
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   [1]http://www.voanews.com/content/china-woos-latin-america-with-promise
   s-of-investments/2590164.html

References

   1. http://www.voanews.com/content/china-woos-latin-america-with-promises-of-investments/2590164.html