Latin America

China Doubles Latin FDI

24 April 2006

LATIN BUSINESS CHRONICLE (LATIN AMERICA)--China's direct investments in Latin America have grown dramatically and are expected to continue growing at strong rates over the next few years as well. According to a new report from United States based consultancy Global Insight, cumulative Chinese investment in Latin America reached USD 8.3 billion in 2004, an increase of 79.0 percent from 2003. Latin America's share of Chinese direct investments will grow from 6.4 percent today to 17.0 percent within the next 12 months, according to the report, Going Outside, Round-Tripping and Dollar Diplomacy: An Introduction to Chinese Outward Direct Investment. Latin America will gain its share at the expense of North America and Asia. Over the next two to five years, it will fall somewhat to 11 percent, due to stronger growth in Chinese investments to Asia. Source: http://www.latinbusinesschronicle.com/reports/reports/
042406/china.htm (Reliability: 8)

Comment: The Latin Business Chronicle appears to be a seminal resource for extremely good and relevant Sino-Latin America economic issues in any industry. A conference at the University of Miami will be held on 5 May 2006 to discuss these affairs.