Sunday, July 30, 2006
When I visited China last year, I came back with the impression that the Chinese will soon switch from exporting T-shirts and toys to more sophisticated products, such as cars and trucks. Well, it's already happening in Latin America, and it will have a big -- not necessarily good -- impact on the region. Last week, the Dow Jones wire reported that two Chinese car makers have begun selling vehicles in Venezuela. And the news coincided with new trade figures showing that the China-Latin America trade balance is beginning to change in China's favor. You can read the full column here.