China: Trading Partner

Dept: This drive, constructed on strong links between Peru and China that go back more than 150 years, reached a major milestone in the third quarter of this year when China overtook the United States as Peru's main trading partner, according to Vancouver Sun. China's investments in Peru, upwards of $10 billion, are almost all in mining operations and over 80 per cent of Peru's exports to China are four products: copper, iron, lead and fish meal and the new Peruvian government of President Ollanta Humala is accelerating programs begun by previous administrations to broaden and deepen ties with Beijing, and make the Andean nation a key gateway between Asia and Latin America. Superficially, the story of China's interest in Peru looks very much like its efforts to corner reserves of natural resources elsewhere in the world, especially Africa. (www.immigrantscanada.com). As reported in the news.