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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (210894)	6/13/2011 1:20:42 PM
From: Wharf Rat	Respond to of 361606

China shops for Latin American oil, food, minerals seattletimes.nwsource.com. "Viva China!" Chávez exclaimed during a televised meeting with business leaders from Beijing, thanking them for helping set up mobile-phone factories and build railways and public housing in Venezuela. He gushed: "I'm in love with China." The relationship is driven in part by Chávez's eagerness to form alliances that exclude the U.S. But it's also good business for Chinese companies: Venezuela says it has been exporting to China about 460,000 barrels a day, about 20 percent of its oil exports, according to official figures. It hopes to double that soon. "Venezuela has what we need," said Chen Ping, political counselor at the Chinese Embassy in Caracas. "And we also have what they need, for example technology ... Therefore we can help each other mutually." The Chinese stake appears set to grow exponentially.