The rise of China has been bringing about strong impact on international political economy and on every aspect. This kind of phenomenon has been worrying the United States. Moreover, U.S. has been paying much attention to China’s diplomacy in the third world in general, and the Latin America in particular. After its rise, China has been actively involving into economic cooperation (e.g. signing free trade agreement) and other international activities not only in the neighboring countries but also in other regions, including Latin America-the backyard of the United States. In order to contact those distant countries in the Latin America, the core of Chinese foreign policy lies in the strategic thinking of ”peace and development.” With regard to its foreign policy behavior, we can observe its economic diplomacy, multilateralism, and partnership. It is true that China's relations with Latin American nations have been strengthened and consolidated. In sum, China's pursuing hegemony in the Western Hemisphere remains a very distant object and Chinese involvement into the development of this region is to fill in the vacuum left by the United States in the post-911 era for the time being. In the short and intermediate term, China must to have some kind of partnership with Latin American nations for the purpose of accessing their resources and markets. Without challenging U.S. dominance in the Western Hemisphere is more meaningful for China to have a sustaining environment and to decrease U.S. dominance implicitly. If China can grow continuously and the existence of anti-U.S. atmosphere in Latin America, China might gain a position equal to the United States in the future.