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An exclusive Reuters analysis of U.N. trade data from 2015-2021 shows that outside of Mexico, the top U.S. trade partner, China has overtaken the United States in Latin America and widened the gap ...
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).
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
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.
It is one of two multilateral cooperation funds created by the Chinese government to advance the economic relationship between China and Latin America. The other is the China-LAC Cooperation Fund. Similar to the investment funds in promoting economic ties, the Special Loan Program for China-Latin America Infrastructure Project is a special ...
The port will host some of the biggest cargo ships in the world and serve as an economic beachhead for China in Latin America, a region historically dominated by the United States where Beijing ...
It is one of three multilateral cooperation funds created by the Chinese government to advance the economic relationship between China and Latin America. The other two are Sino-Latin American Production Capacity Cooperation Investment Fund (China-LAC Industrial Cooperation Investment Fund) and the Special Loan Program for China-Latin America ...