How China beat out the declining United States to dominate South America

I Pizarro, 62, is the energy secretary of Jujuy, a province high in the Andes that borders Bolivia and Chile. Overlooking a river, his office building is ordinary, shabby even, but the projects he and his colleagues oversee are anything but. And the one country that’s made them all possible is China. Chinese technology and money have helped build one of Latin America’s largest solar energy plants in Jujuy, where hundreds of thousands of panels coat the desert-like giant dominoes. Chinese security cameras…

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-Latin America trade enters a new era

Chinese and Latin American ties have entered a new era with Chinese Foreign Minister Wang Yi’s visit to Chile, Uruguay, and through the second Ministerial Meeting of the Forum of China and CELAC. The multilateral framework will initiate further collaboration under the Belt and Road Initiative and Asian Infrastructure Investment Bank, laying a solid foundation for the upcoming China-Latin American Forum this year. Presently, sluggish economic growth and dynamic political volatility, coupled with a steadfast…

Brazil Worries the ‘China of South America’ Is Eating Its Lunch

Brazilians are starting to have second thoughts about the business El Dorado next door which is becoming the China of South America. Low taxes, low wages and low overheads are driving the Paraguayan government’s ambition to become the “China of South America”: a low-cost manufacturing hub that attracts investment from across the region. As Brazil struggles through its worst recession on record, dozens of businesses have set up operations across the border, creating thousands of jobs. Broadly welcomed…
Real Estate and Investment News from South America
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