Argentina has become a Chinese Yuan testing ground in trade and investment
Following several currency swaps by which China has helped to support the Argentine central bank depleted international reserves, the administration of president Alberto Fernandez intensified relations with Beijing and a year ago allowed transactions between the two countries to be made in Yuan. The Argentine central bank has not supplied information on such transactions, but analysts believe that most of the bilateral trade which reached US$ 10,2bn in the seven months of this year was done with the Chinese…
China’s advance in Panama: An update
The June 2017 recognition of the People’s Republic of China (PRC) by the Panamanian government of Juan Carlos Varela set in motion an array of Chinese activities in Panama, as well as diplomatic changes in nearby El Salvador and the Dominican Republic—all of which grabbed the attention and concern of Washington. The election of the opposition Democratic Revolutionary Party’s (PRD) Laurentino Cortizo in 2019 has since led to greater scrutiny of various projects involving…
China’s agricultural investment abroad is rising
China’s need for agricultural resources and technology and the country’s considerable financial clout are driving rapid growth in Chinese investment in agriculture and food sectors abroad. The trend reflects the growing global ambitions of Chinese companies, and it is attracting the attention of business and government leaders around the world. According to Chinese investment statistics, overseas ventures in agriculture, forestry, and fisheries soared from $300 million in 2009 to $3.3 billion in 2016. But…
