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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…
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