Eyes On The Prize: China’s Role In Latin American Development

China’s explosive economic growth and the rapid development of its manufacturing sector has led the nation to increasingly turn its attention to Latin America. Over the past decade, China has labored to expand its Sino-Latin connections. Chinese interest in Latin America is predominately economic, rather than political.[1] First, Latin America represents an emerging middle-income market, with approximately 530 million consumers on hand to purchase Chinese exports.[2] Second, Latin America possesses an abundance of natural resources, which China needs to fuel its industrial boom. “Latin America’s agricultural land per capita is three times larger than China’s, while forest land and fresh water per capita is well over five times higher.”[3]

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Published In: Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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