China may become the South American state's biggest trading partner, but some economists are sceptical of the benefits. Caracas, Venezuela - As China’s economic and political footprint grows across Latin America and Africa, worrying some and enriching others, Alvaro Ruiz Sanchez has his eyes on the prize. President of OrOctrading, a consulting firm, Sanchez - sporting thick cufflinks with the red Chinese flag and a dark blazer - has been teaching Venezuelan companies about doing business with the world’s second-largest economy. “Usually, manufactured goods from China are coming into Latin America and raw materials are going out,” Sanchez told Al Jazeera. “Venezuela has posted a positive trade balance with China, because of oil exports, but without those we would have a major deficit.” Trade between Venezuela, holder of the world’s largest oil reserves, and China grew to $18bn in 2011, a 24-fold increase from 2003, reported China Daily, a government-backed newspaper. Venezuela exp...
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