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Between 2000 and 2009, trade between China and Latin America increased by 1,200% from $10 to $130 billion. [2] According to the Chinese Trade Ministry Counselor Yu Zhong, in 2011 the value of trade increased to $241.5 billion, making China the second largest trading partner of Latin America (the USA is the largest).
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
By 2010, China surpassed Japan to become the world's second-largest economy and at the same time it also surpassed Germany in terms of export volume, becoming the largest in the world. The massive increase of GDP in China has led to an increase of living standards for the Chinese since their incomes have doubled or even quadrupled every 10 years.
The 2021 data lacks trade numbers from some regional countries but those balance each other out in terms of U.S.-China bias. The outlier in Latin America, Mexico's trade flows with the United ...
History of trade of the People's Republic of China; History of trade of the Republic of China (1949-present) Economy of the People's Republic of China; Economy of the Republic of China; Economic history of China (pre-1911) Economic history of China (1912–1949) Old China Trade, the commerce between China and the United States in the late 18th ...
According to preliminary statistics, as of September 2023, China has implemented over 200 infrastructure projects in Latin America, including thousands of kilometers of roads, railways, and light rail systems, more than 100 schools, hospitals, and sports venues, nearly 100 bridges and tunnels, and dozens of airport and port projects.
Like the rest of the world, Latin America is bracing itself for a bumpy four years - and if the US and China start a full-blown trade war, the region stands to get caught in the crossfire.
In 1986, despite a trade pact with the Soviet Union, Chinese-Soviet trade, according to Chinese customs statistics, amounted to only 3.4 percent of China's total trade, while trade with all communist countries fell to 9 percent of the total. Studies have been conducted linking China's political influence through its trading ability.