Latin trade pubished a series of articles on Chinas recent interest in the region.
Foreign Direct investment in developing countries would be a good use of the currency reserves that the People's Bank of China holds. It will be interesting to see how and if any of these partnerships could provide an escape valve for the CNY.
Currently 67% of FDI goes to Asian countries and 25% to Latin America
The problem is that China has too much free cash flow and I believe the agency costs will start to kick in...
China’s Buying Spree: Chile – In Search of a Strategy for Emerging Trade Behemoth