Latin America
China Could Be A Very Large Investor In Latin America
12 April 2006
XINHUANET (SANTIAGO)--China, which is the world's third largest recipient of foreign direct investment (FDI), is a potential "very large investor" in Latin America and the Caribbean, according to the Economic Commission for Latin America and the Caribbean (ECLAC). Jose Luis Machinea, executive secretary of the ECLAC, said that although China did not play a prominent role in the investment field at present, the country would invest more to ensure access to the natural resources of the region in the future. "Traditionally, foreign investment in Latin America has come from the United States and Europe," he said, citing the chapter covering China in ECLAC's annual report on the region's FDI in 2005 entitled "Latin America's World Presence." "However, it is essential to diversify capital flows," he added. Source: http://news.xinhuanet.com/english/
2006-04/13/content_4419140.htm (Reliability: 5)
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