It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow.
And it continues with a $53 billion investment bang as Chinese Premier Li Keqiang visits Brazil during the first stop of yet another South American commercial offensive – complete with a sweet metaphor: Li riding on a made in China subway train that will ply a new metro line in Rio de Janeiro ahead of the 2016 Olympics.
Where is the US in all this? Nowhere; little by little, yet inexorably, BRICS members China – and in a smaller measure, Russia – have been no less than restructuring commerce and infrastructure all across Latin America.
Countless Chinese commercial missions have been plying these shores non-stop, much as the US did between World War I and II. In a key meeting in January with Latin American business leaders, President Xi Jinping promised to channel $250 billion for infrastructure projects in the next 10 years.
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Continue reading BRICS trample US in South America, by Pepe Escobar