Credit Ivan Alvarado/Reuters
Slowdown in China Bruises Economy in Latin America
DEC. 16, 2014 .
Copper is back under $3. As commodity prices continue to swoon, driven in large part by China’s weaker demand, the going will get much tougher.
China’s diplomats emphasize that it is a developing country, not an advanced, “imperialist” power like the United States or the European colonial powers who ruled for centuries and served as the first foreign exploiters of Latin America’s mineral wealth. To many in Latin America, the difference hardly seems relevant.