From Los Angeles Times (link):
The Bush administration held talks this week with Chinese officials on their nation’s growing role in training and advising armed forces in Latin America, though the Americans did not issue warnings or call for limits, a U.S. envoy said Friday.
The two-day meetings, which also covered political and economic issues, were the first between the two countries devoted solely to Latin America, said Thomas A. Shannon, the top U.S. diplomat for Latin America. The discussions reflect China’s growing influence as a global power and world-class consumer of oil and other resources, he added.
See also “China’s new Latin American revolution” on Financial Times, “China’s growing interest in Latin America” by US Congressional Reserach Service and “China’s Burgeoning Role in Latin America” on Political Affairs