China's Global Oreder: a New Paradigm in South to South Relations

Abstract

This article analyses the evolution of Chinese political foreign policy and its strategy in approaching developing and less developed nations. In this context, the relationship between China and Latin America appears to reveal the practice of the Beijing Consensus when considering their interests: China needs natural resources and new markets for its products, and Latin America needs financial aid and loans to develop its infrastructure and provide social programmes. The absence of the US in the region and the rise of political movements denouncing the American imperialism of the Washington Consensus are all factors that contribute to the expansion of Chinese influence. All these considerations allow a discussion concerning the new role of China in developing countries as an expression of a new emerging order in which China is assuming an important role.