World Economy

S. America-China Business Ties

S. America-China Business Ties  S. America-China Business Ties

Chinese Premier Li Keqiang will visit South America next week on a four-nation tour, the Foreign Ministry said on Monday, a part of the world where China has deep business ties but traditionally only limited political influence, Reuters said. Li will travel to Brazil, Colombia, Peru and Chile on the May 18-26 trip, the ministry said, without providing other details. Visits by top Chinese leaders are typically accompanied by impressive deals, especially in resource-rich nations like Brazil and Chile. China, the world’s second-largest economy, is buying oil from Venezuela, copper from Peru and Chile, and soybeans from Argentina and Brazil, for example. In return, China has invested billions of dollars.