Economics
Biden Circles Xi as U.S. Duels China for Latin America Ties
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The competition between the world’s two biggest economies for influence in Latin America is on display this week as U.S. Vice President Joe Biden visits Rio de Janeiro today near the end of a three-nation tour of the region with Chinese President Xi Jinping close behind.
The dueling visits -- Biden departs Brazil May 31, the same day Xi arrives in Trinidad & Tobago to begin his first tour of the region since China’s political transition ended in March -- underscore how Latin America’s natural resources and rising middle class are making it an increasingly attractive trade partner for the world’s top two economies.