Bolivia: Evo woos China on gas investment

From AP, via the New York Times, Jan. 10:

President-elect Evo Morales of Bolivia met with President Hu Jintao of China in Beijing and called China an “ideological ally,” a day after he invited it to develop Bolivia’s vast gas reserves. China has been developing links with Latin American nations as sources of fuel and raw materials and as markets for its exports. Mr. Hu promised to encourage “strong and prestigious” Chinese companies to invest in Bolivia, the official New China News Agency reported. On Sunday, Mr. Morales met with Tang Jiaxuan, the Chinese state councilor, and invited China to help with his country’s gas industry after he carries out plans to nationalize its reserves.

See our last update on Bolivia.