China’s Growing Arms Sales to Latin America
July 6, 2016
- Over the last decade, China has made remarkable inroads into the Latin American arms market. From almost zero in 2005 to over USD 130 million in 2014, China has carefully and systematically emerged as a major arms supplier to countries of the region and has shifted from a donor of logistics and medical equipment to a significant supplier of weapons and weapons systems.
Hulk in China ahead of Shanghai SIPG move from Zenit St Petersburg
Jun 29, 2016
- Hulk was welcomed by more than 1,000 fans at Shanghai’s international airport on Wednesday ahead of his expected move from Zenit St Petersburg to Shanghai SIPG. The Chinese Super League (CSL) club are set to pay around €56 million to sign the Brazil international, which would represent the league’s most expensive ever deal.
China’s Growing Arms Sales to Latin America
June 20, 2016
- Over the last decade, China has made remarkable inroads into the Latin American arms market. From almost zero in 2005 to over USD 130 million in 2014, China has carefully and systematically emerged as a major arms supplier to countries of the region and has shifted from a donor of logistics and medical equipment to a significant supplier of weapons and weapons systems.1
Carol Wise — China trade pacts giving lift to Latin partners
June 9, 2016
- Latin American nations have not been exempt from the slowdown that has swamped emerging economies amid China’s faltering growth momentum over the past four years. Argentina and Brazil are in contraction and Mexico’s projected economic growth this year is less than 1%, but three smaller states, Chile, Costa Rica and Peru, continue to outperform their larger regional peers. Of note, each of these three countries has negotiated a bilateral free trade agreement with China and their policymakers have focused on pro-market institutional reforms.
Russia, China Ready to Invest in Bolivia Amid Economic Stability – Morales
- Russia and China are prepared to invest in the Bolivian economy and it demonstrates stability, Bolivian President Evo Morales told Sputnik in an interview. “Now China and Russia know that we have stability in our economy and they want to invest, while the United States are standing against our brothers, hampering them, asking questions, keeping watch over the investments from China and Russia,” Morales said.
Venezuela receives Chinese-made Hongdu KW-8 aircraft
April 11, 2016
- Venezuela’s air force has taken delivery of nine trainer/light attack Hongdu KW-8 jet aircraft from China. The delivery took place at the “El Libertador” airbase in Aragua state with Minister of People’s Power for Defense, Vladimir Padrino Lopez in attendance.
The New Global Order: Building Ties Between China And Latin America
08 Mar 2016
- Despite being rather recent, the relationship between China and Latin America has been intense. The last decade was marked by a period of great business growth and expansion that resulted in an outstanding period of prosperity for the Latin American region. This has been followed by a time marked by the financial crisis, largely due to the decline in trade exchange, which in turn translated into a significant slowdown in Latin American growth.
Scholarships in China form bridge with Argentina
Feb 28, 2016
- More than 50 Argentine students who received grants to study in China came together to share their experiences and academic life in China. This Saturday, in the House of Chinese Culture in Buenos Aires, Chinese Ambassador to Argentina, Yang Wanming, led the meeting of former grantees, whom he described as promoters of rapprochement and friendship between the two countries.
China overtakes West in development funding to Latin America
February 25 2016
- The China Development Bank’s $395 million loan to Costa Rica for expanding the highway that links San José to the Caribbean port of Limón is part of a dramatic surge in Chinese financing across Latin America. Last year, despite sluggish economic growth in China that has made worldwide headlines, funding from the state-run China Development Bank (CDB) and the Export-Import Bank of China reached a near-record $29 billion — nearly triple the amount loaned in 2014. That amount is more than last year’s funding from the World Bank and the Inter-American Development Bank (IDB) combined.
China’s Pivot To Latin America: Beijing’s Growing Security Presence In America’s Backyard
Feb 20, 2016
- China’s attempts to increase its security presence within Latin America partly reflect Beijing’s desire to increase the sophistication of the types of Chinese manufactures it would like to sell in the region, and a big part of the growth of China’s economic footprint in the region has consisted of Chinese arms companies with close relationships to the Chinese military, such as the Aviation Industry Corporation of China (AVIC), China Shipbuilding Industry Corporation (CSIC), China National Electronics Import & Export Corp (CEIEC) and China’s North Industries Corporation (NORINCO), all of which have been aggressively developing their position in Latin America. But the expansion of China’s security presence is also taking place within the context of Beijing’s intention to expand its military’s global reach in parallel with the rapidly expanding definition of China’s national interests. According to a study just released by the Stockholm International Peace Research Institute (SIPRI), China’s weapons exports globally have mushroomed in the past several years, with China overtaking Germany, France and the United Kingdom to become the world’s third largest arms exporter, behind Russia and the United States. This fact needs to be understood in light of the belief of China’s leadership that the growth of the reach of China’s military globally is a key factor in the growth of China’s comprehensive national power. China’s Defense White Paper, which was made public last year, broadcast this belief, and signaled that Chinese leaders see the growth of the influence of China’s military around the world as an integral part of China’s ability to shape strategic outcomes and influence the choices of other nations.
Argentina reaffirms peaceful nature of Chinese ground station
- A Chinese ground station being built in western Argentina is for scientific research and other peaceful ends, secretary of Argentine President Mauricio Macri said Monday. Secretary Rodolfo Laffitte shrugged off fears that the station, being built in western province of Neuquen, would be for covert military use or it is built under a secret deal with China. The facility would be incapable of serving military ends because it has not been designed to facilitate mobile communication on the ground, he said.
Chinese finance to Latin America soars to $29 bn in 2015
February 11, 2016
- Chinese loans to Latin American and Caribbean governments and that region’s state-owned firms climbed sharply in 2015 despite the global economic slowdown, rising to $29 billion and focused once again on Venezuela, Brazil and Ecuador, the Inter-American Dialogue public policy think tank said in its annual report. The volume of finance was the highest since 2010 and marked a nearly 200 percent increase from the $10 billion registered in 2014.
Latin America Imported 9.4 Million Tons of Steel from China in 2015
- SANTIAGO – Latin America imported 9.4 million tons of steel from China in 2015, a 1 percent increase over the previous year, the Latin American Steel Association, or Alacero, said. The total comprises laminated steel – long steel, flat steel, and seamless and seam pipes – as well as derivates such as wire and seamed tubes.
Undermining America While Washington Sleeps: China In Latin America
Jan 31, 2016
- The apparent inability or unwillingness of the United States to offer strong competition for China in Latin America has definite strategic implications – implications of which the Chinese are fully aware, even if many in Washington seem ignorant of them. Although it is true that American investments and economic presence in Latin American still dwarfs that of China, the trends paint a less positive picture – one in which Chinese influence has been quickly growing while that of the United States has been steadily reduced. In 2000, the Chinese share of Latin American trade was merely 2%, while that of the United States was 53%. As of 2010, the Chinese share had grown to 11% of the total, while that of the United States had dropped to 39%. And over the last six years, that trend has worsened significantly as China has made enormous strides. Although the United States remains the region’s top trade partner, China has displaced the United States as top trade partner of several Latin American nations in the past few years, including Brazil, Chile, Peru and Venezuela, and has pledged to invest $250B in Latin America over the next decade. China is expected to overtake the EU as LAC’s (Latin American and the Caribbean) second largest trade partner this year. These trends should not be ignored. As Eric Farnsworth has noted:
Venezuela relying on China to keep its economy afloat
December 30, 2015
- This has been a difficult year for Venezuela, given the precarious world oil market. The drop in the global oil price has hit the oil exporter hard, and the country was already struggling economically. Venezuela has become increasingly reliant on China to keep its economy afloat.
Cuba: China Inaugurates First Direct Flight Beijing-Havana
December 28, 2015
- The first direct flight between Beijing and Havana was inaugurated here today, with the taking off of a Boeing 777 for the state airline Air China, considered by many a catalyst for tourism between Latin America and China. Friendship erases the distance, especially if it is intimate and long-standing as the one between Cuba and China, stated the Cuban ambassador in this nation, Alberto Blanco, in the opening ceremony of the Beijing- Montreal- Havana flight with services of the famous Chinese airline.
Chinese naval hospital makes first stop in South America
December 23 2015
- A Chinese official sits in front of Chinese naval hospital ship in the port of Callao, Peru, Tuesday, Dec. 22, 2015. The Peace Ark, a Chinese naval hospital ship is making a first-ever call into a South American port in a sign of the Asian economic giant’s growing influence in Washington’s backyard. It’s the last destination on a three-month ‘Harmonious Mission’ that also included stops in Australia, Mexico and the U.S. (AP Photo/Martin Mejia) A Chinese naval hospital ship is making a first-ever call at a South American port in a sign of the Asian economic giant’s growing influence in the resource-rich region.
CELAC-China science, technology cooperation a boon for LatAm: experts
- Science and technology cooperation between China and the Community of Latin American and Caribbean States (CELAC) is essential for the region’s development, according to experts. “We have to be clear on this: knowledge is power,” said Rene Ramirez, Ecuadoran Minister of Higher Education, Science, Technology and Innovation. “China has bet on science, technology and innovation to achieve domestically driven development,” Ramirez noted, adding the 33-member bloc wants to learn from China’s experience.
Latin America and China Agree to Expand Ties in Beijing
9 December 2015
- Chinese government representatives and delegates from numerous political parties across Latin America and the Caribbean attended strategic talks in China. The Chinese government and the Community of Latin American and Caribbean States (CELAC) concluded their two-day long talks in Beijing by signing a declaration to increase cooperation in the areas of science, education and energy.
With help from China, Nicaragua plans to have two satellites in orbit by 2017
November 19th, 2015
- Nicaragua said it planned to have two telecommunications satellites in orbit by 2017 thanks to a project being carried out by satellite manufacturer China Great Wall Industries Corp., or GCWIC. “The Nicasat (project is made up of) two satellites. They’re (scheduled to be launched in) 2017,” Telemaco Talavera, an adviser to the Nicaraguan government and president of the National Council of Universities, told reporters.
Argentina, China agree to $15 billion investment for two new nuclear plants
November 16, 2015
- The governments of Argentina and China on Sunday signed several agreements to build the South American country’s fourth and fifth nuclear power plants for an investment of $14 billion, government officials said. The pacts were inked within the framework of the G20 summit taking place in the Turkish seaside resort of Antalya, the Argentine President’s Office said on its Web page.
China’s Huawei inks deal to sell phones in Cuba
November 7, 2015
- Chinese telecom giant Huawei inked a deal with Cuban telecom company Etecsa on Friday to sell its smartphones in the island nation, signaling Huawei’s further expansion in the Latin American and Caribbean region. Javier Villarino, Huawei’s head of sales in Cuba, told reporters that the deal with Etecsa would allow Huawei to sell phones, distribute spare parts and accessaries, and train repair staff.
Huawei’s Latin American Distribution Center Opens in Panama
Oct 03, 2015
- Chinese telecommunications giant Huawei Technologies has inaugurated on Thursday, Oct. 1, a new distribution center for its Latin American operations in Colon free trade zone in northern Panama, the Xinhua News Agency reported. The report said that the opening ceremony was attended by well-known personalities that included Panama President Juan Carlos Varela, Minister of Commerce and Industry Meliton Arrocha, as well as national director of telecommunications Edwin Castillo and other officials and guests.
China-CELAC meeting on scientific,technological innovation opens
- Officials from China and 33 member states on the Community of Latin American and Caribbean States (CELAC) on Wednesday attended a meeting featuring scientific and technological innovation held in Quito, capita of Ecuador. During the two-day meeting, which is the first of the kind ever held under the framework of China-CELAC Forum, participants will discuss topics including national policies on technology and innovation; technology transfer; biodiversity and development; green science and technology for sustainable development, according to the organizers.
Chile Is Now More Hooked on China Than Ever
September 2, 2015
- The more China’s economy falters the more Chile’s dependence on it seems to grow. That’s a cause of concern for Latin America’s wealthiest economy, which has spent the past 30 years trying to diversify. Instead its reliance on a single market and a single commodity has just become more pronounced as copper prices keep falling and China’s economic turmoil ensnares global markets.
China loans Venezuela $5B to boost oil output
2 Sep 2015
- Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country’s oil production, Venezuelan President Nicolas Maduro said. Maduro, speaking from China in a show broadcast on Venezuelan state television on Tuesday night, said the loan was destined “to increase oil production in a gradual way in coming months,” without providing further details.
China Three Gorges buys majority shares in two Brazilian hydropower projects
- Brazilian infrastructure group Triunfo Participacoes e Investimentos S,A. .has agreed to sell its controlling stakes in three energy generating subisidiaries to the China Three Gorges Corp., the company announced earlier this week. The US$538 million deal will see China Three Gorges assume control of Triunfo’s shares in generators Rio Canoas Energia, Rio Verde Energia and trading company Triunfo Negocios de Energia.
Chile to Become a Financial Hub of Latin America for RMB
- Chile forges closer economic relations with China. Chile’s ambassador to China, Jorge Heine, expects Santiago to become the regional platform for the RMB in Latin America, following the Prime Minister Li Keqiang’s visit and the currency swap agreement, signed on May 24-25. “What PM Li brought was the proposal that Chile becomes effectively the regional platform for the RMB in Latin America. That is obviously very significant for us, we for a long time wanted to make Santiago a financial hub of Latin America,” he said.
Venezuela Receives US$5 Billion Loan from China
2 August 2015
- The Venezuelan government confirmed that it will recieve a $5 billion loan from China. Venezuela secured a $5 billion in funding from China as part of the long-standing Joint Chinese-Venezuelan Fund, said Venezuelan Finance Minister Rodolfo Marco on Satuday.
China, Latin American Ties to Weaken US Influence in New Multipolar World
- China and Latin America are developing a new bilateral approach based on trade and investment. China has become an essential source of growth for Latin America. The value of bilateral trade grew 22 times between 2000 and 2014. Last year, two-way trade hit 263.6 billion US dollars and China’s investment in the region also went up to more than 80 billion dollars.
How China’s rapidly expanding footprint in Ecuador speaks volumes about changing world order
25 Jul, 2015
- EL CHACO, ECUADOR: Where the Andean foothills dip into the Amazon jungle, nearly 1,000 Chinese engineers and workers have been pouring concrete for a dam and a 15-mile underground tunnel. The $2.2 billion project will feed river water to eight giant Chinese turbines designed to produce enough electricity to light more than a third of Ecuador. Near the port of Manta on the Pacific Ocean, Chinese banks are in talks to lend $7 billion for the construction of an oil refinery, which could make Ecuador a global player in gasoline, diesel and other petroleum products.
Venezuela, China maintain “perfect cooperation”: Maduro
- CARACAS, July 24 (Xinhua) — Caracas today maintains “perfect cooperation” with Beijing that goes beyond economic agreements and starts to socially benefit millions of Venezuelans, President Nicolas Maduro said Thursday. In a ceremony welcoming the new Chinese ambassador to Venezuela, Zhao Bentang, Maduro called Zhao an “old friend of Venezuela” while the Chinese diplomat handed his credentials to the Venezuelan leader.
China’s Military Weapons Exports Gain Popularity In South American And African Markets
July 24 2015
- Peru is expected to debut its first Chinese-imported rocket launcher during its National Day parade on Wednesday, marking the anniversary of the nation’s independence. This will be the first time China’s 122mm Type 90 multi-barrel rocket-launcher weapons system has equipped Peru’s armed forces, marking China’s growing role in the region as the go-to resource for arms imports. China has previously provided the Peruvian military with shells and other associated equipment for their current BM-21 rocket launchers, which were bought from the former Soviet Union in the 1970s, over the past five years. However, China has since begun supplying rockets as well to the South American nation, a report by state-run China Military Online said.
Peru acquires 27 Chinese-made 90B rocket launchers
July 20, 2015
- Peru has acquired 27 Chinese-made 90B self-propelled rocket launchers for army artillery units, the Defense Ministry said. Each truck carries an array of 40 122-mm rocket launchers with a range of between 20 kilometers (12.4 miles) and 40 kilometers (24.8 miles), the ministry said in a statement.
China-Brazil earth observation satellite operationalised
July 14, 2015
- An earth observation satellite jointly developed by China and Brazil that will help in crop estimation and survey of geological disasters was today put into operation. The China-Brazil Earth Resource Satellite-04 (CBERS-04) was sent into orbit on December 7 last year. Tests on the satellite’s application and operational systems during orbit were found to meet the general requirements of the design, China’s State Administration of Science, Technology and Industry for National Defence said.
Argentina gets China’s help on wind energy development
- China has been playing an increasingly important role in helping Argentina modernize and improve its energy mix via boosting clean energy development led by wind power. Arauco Wind Farm, showcase of the Sino-Argentinean wind power development endeavor, falls under jurisdiction of northern Argentina’s La Rioja province, home to 40% of the South American country’s olive-growing industry.
Cuba and China to expand biotechnology cooperation
- Cuba and China are set to expand cooperation in the field of biotechnology, the Cuban News Agency (ACN) reported Sunday. The 8th meeting of the Cuba-China Joint Working Group on Biotechnology will be held Monday and Tuesday in Havana to review progress made over the last two years on already existing agreements.
Chinese space station is “for exclusively scientific and civilian purposes”: Argentine gov’t
- BUENOS AIRES, June 29 (Xinhua) — The Chinese space station being built in Argentina’s southern Patagonian region is for “exclusively scientific and civilian purposes,” said the Argentine government, according to local media Monday. The Ministry of Federal Planning issued a communique late Sunday that condemned a TV news program about the station in Neuquen province.
China, Brazil launch 20-bln-USD fund to support production capacity cooperation
- BRASILIA, June 27 (Xinhua) — China and Brazil agreed Friday to set up a 20-billion-U.S.-dollar fund to back bilateral production capacity cooperation as they roll out more concrete programs to consolidate their partnership. The agreement was one of the outcomes of the fourth meeting of the China-Brazil High-Level Coordination and Cooperation Committee (COSBAN), which was held here and co-chaired by visiting Chinese Vice Premier Wang Yang and Brazilian Vice President Michel Temer.
Bolivia’s Chinese-made satellite brings in $16 mln
- Bolivia’s Chinese-made Tupac Katari satellite has generated 16 million U.S. dollars of income in a little more than a year in orbit, the Bolivian News Agency (ABI) said Tuesday. “It’s an approximate figure,” director of the Bolivian Space Agency (ABE) Ivan Zambrana told reporters. “Last year we were close to 10 million dollars and so far this year, we must be around 6 million dollars,” said Zambrana.
China calls for more science cooperation with Brazil
- BRASILIA, June 19 (Xinhua) — China and Brazil should enhance science and technology cooperation to facilitate economic transformation and improve people’s livelihoods, Chinese Science and Technology Minister Wan Gang said Friday. Wan made the call at a China-Brazil high-level dialogue on science, technology and innovation, during which Wan also spoke highly of the achievements made by the two countries in the sector.
Argentina to buy 110 VN-1 armored personnel vehicles from China
- Argentina has finalized an order of 110 8×8 VN-1, the export version of ZBL08 wheeled fighting vehicles from China North Industries Corporation, reports Reference News, a subsidiary of China’s state-run Xinhua News Agency. Designed with an operational weight of 21 tons, a single VN-1 armored vehicle is capable of carrying 11 soldiers in full equipment and an additional three-man crew. The VN-1 Argentina was developed for amphibious warfare. Unlike other ZBL08, usually fitted with 105mm anti-tank gun or 155mm howitzer, it is only armed with a 12.7mm machine gun. Argentina is licensed to assemble the vehicles at its Tandanor-CINAR shipyards, according to the report.
Venezuela to get $5 billion in funding from China in next few months: PDVSA official
Jun 16, 2015
- Venezuela will receive a loan of $5 billion from China in the coming months for crude oil projects, a director at state-owned Petroleos de Venezuela said on Tuesday. China has become Venezuela’s principal financier over the last decade, lending more than $46 billion to be repaid in oil.
Latin America, China: Colombia Leads Trade Growth
June 10, 2015
- Colombia saw the strongest growth in Latin America in trade with China last year, both in real and percentage terms, according to a Latinvex analysis of data from the International Monetary Fund (IMF). Meanwhile, China’s trade surplus with Latin America grew 11.8 percent despite a 0.6 percent increase in overall trade. While trade with Mexico and Colombia grew, it fell with Brazil and Argentina.
China becomes largest buyer of Brazilian oil: report
- RIO DE JANEIRO, June 9 (Xinhua) — Brazil’s oil exports to China increased threefold in the first five months of this year, making Beijing the largest consumer of Brazilian oil in the world, said daily Folha de Sao Paulo on Tuesday. According to Folha, Brazil exported 5.4 million tons of oil to China from January to May, accounting for 35 percent of Brazil’s total oil exports in the same period. The amount of oil shipped to China is twice as much as that to the United States.
China’s “Silk Road” Extends its Economic Influence in South America
June 03, 2015
- As the United States insists on articulating regional integral schemes oriented towards restraining its rise as world power (Transpacific Partnership, Pacific Alliance, etc.), China relies on the construction of economic corridors in land and maritime fields in diverse regions. On a first stage, the Chinese government established the strengthening of economic and political links with the rest of the Asian Pacific as a priority. Although now, the links of the “Silk Road” are intended to be expanded to South America.
China, Brazil, Peru agree on feasibility study on transcontinental railway: Chinese premier
- LIMA, May 22 (Xinhua) — China, Brazil and Peru have decided to conduct a feasibility study on a proposed transcontinental railway line connecting Peru’s Pacific coast with Brazil’s Atlantic coast, visiting Chinese Premier Li Keqiang said here on Friday. The three countries have also agreed to speed up the work of their joint working group for an early, substantial progress in the project, so as to drive the economic development along the railway and accelerate industrialization and urbanization in South America under the condition of environmental protection and biological diversity, Li told reporters after talks with Peruvian President Ollanta Humala.
China and Chile sign currency swap agreement
May 25, 2015
- SANTIAGO, Chile (AP) — China’s Prime Minister Li Keqiang and Chilean President Michelle Bachelet signed a currency swap deal on Monday seeking to deepen economic ties by boosting trade and investment. The currency swap agreement between Chile’s central bank and the People’s Bank of China eases the exchange of up to 2.2 trillion pesos (about $3.6 billion) for the next three years. China has signed currency swap deals with several countries and has worked with financial centers to develop international hubs for offshore trading of the currency.
China, Brazil, unveil multibillion trade, investment deals
May 19, 2015
- Chinese Premier Li Keqiang lifted the wraps Tuesday on a multibillion-dollar series of trade and investment deals with Brazil, as Beijing looks to invest $53 billion in South America’s largest economy. The news unveiled at the start of Li’s first official visit to Latin America is a huge boon for Brazil as it endures a fifth straight year of low growth after a period of rapid expansion fueled by Asian demand for commodities that has since slowed.
China, Colombia vow cooperation in production capacity, equipment manufacturing, infrastructure
- BOGOTA, May 21 (Xinhua) — China and Colombia on Thursday pledged to seek cooperation in a host of areas including production capacity, equipment manufacturing and infrastructure construction to boost economic ties. The move came as visiting Chinese Premier Li Keqiang met with the Colombian President Juan Manuel Santos at the presidential palace here. The two leaders witnessed the signing of a series of bilateral cooperation deals in areas including trade, production capacity, infrastructure construction, culture, education, science and technology, agriculture and finance. The two governments issued a joint declaration after the talks.
Brazil, Peru, China plan trans-South American railway
13 May 2015
- Brazil, Peru and China are working on an outline agreement to create a new railway that would cross South America, the Folha de S.Paulo newspaper reported Tuesday. The train line would cross the continent, linking Brazil’s Atlantic coastline with the Pacific Ocean in Peru, and in part boost commodity exports. Preliminary reports estimate the Transoceanic Railway would cost at least $10 billion, and the Brazilian government hopes Chinese businesses will bid for sections of the project.
Brazil: Chinese PM visits Brasilia with promise of more than $50 billion investment
Published on May 19, 2015
China to invest $50bn in Brazil infrastructure
15 May 2015
- China is planning to invest up to $50bn (£32bn) in Brazil for new infrastructure projects. The deal is due to be signed by banks from both countries during a visit by Chinese Prime Minister Li Keqiang to Brazil next week. The money will go towards building a railway link from Brazil’s Atlantic coast to the Pacific coast of Peru to reduce the cost of exports to China.
Interview: China contributes greatly to development of Latin American countries: Mario Pezzini:
- PARIS, May 14 (Xinhua) — China has made great contributions to the development of Latin American countries in recent years and chinese experiences of development can be inspirations to the developing countries in this region, said a top OECD official in a recent interview with Xinhua. Mario Pezzini, director of the OECD (Organisation for Economic Co-operation and Development) Development Centre, made the remarks on the eve of a planned conference in Beijing on Friday, devoted to the study of the common challenges that China and the Latin American countries face.
Argentina spotlights Chinese-funded cargo rail renovation project
- Argentina economy minister Axel Kicillof on Wednesday hailed China’s more than US$2.4 billion investment in the South American country’s Belgrano Cargas cargo rail network. The financing will help Argentina modernize its aging railroad and boost the key cargo sector. The government, he said, has earmarked almost 2 billion pesos (US$224.6 million) to save the Belgrano Cargas railway, but it is “the major backing of US$2.47 billion in credit” from China that will turn the project into a reality.
Argentina, China reinforce biotech cooperation
Apr 23, 2015
- BUENOS AIRES, April 23 (Xinhua) — Argentina and China concluded Thursday the fifth meeting on biotechnology cooperation, as a follow-up of a cooperation agreement signed in 2012, the country’s Agriculture Ministry said Thursday. The work meeting kicked off on Monday in Argentina’s northern Chaco province, where a Chinese delegation was allowed to visit various production centers throughout the week. “For Argentina, it is very important not just to advance in dialogue on matters of regulation and public perception, but also to promote cooperation between research institutes and companies from both countries in developing new transgenic events,” said Oscar Solis, the ministry’s undersecretary of New Technologies and Added Value.
Venezuela receives $5 bn funding from China
April 20, 2015
- Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis. “We just received $5 billion more in financing for development,” Maduro said in a radio and television address. He did not provide further details on the loan from China, a major political and economic ally of Venezuela.
China Showcases Military Might at Rio Security Expo
Apr 17, 2015
- Chinese military hardware, including warships, missiles and computer equipment, were put on display at the 2015 Latin America Aerospace and Defense (LAAD) exhibition in Rio de Janeiro this week. Four Chinese state-owned military firms organized by China’s State Administration of Science, Technology and Industry for National Defense are participating in the four-day expo, which started Tuesday and has drawn some 700 exhibitors from around the world, reports China state news agency Xinhua.
China exports bullet trains to Argentina
- China has finished building and shipped its first bullet train to argentina, China North Railway (CNR) announced on Wednesday. The contracted diesel multiple-units (DMU) shipped to Argentina mark China’s biggest DMU order in South America, CNR said. The CNR’s subsidiary in Tianjin Municipality won the bid for Argentina’s Belgrano Sur railway contract in November, 2013, involving 21 lines with 81 DMUs.
Rockets aim for overseas market
- China has brought its most advanced rockets to a Brazilian defense show, aiming to expand the South American market for its space vehicles, an industry insider said. “This is the first time we have displayed the Long March 7 launch vehicle at a foreign exhibition,” said Li Tongyu, head of aerospace products at the China Academy of Launch Vehicle Technology, the nation’s major rocket developer and a subsidiary of China Aerospace Science and Technology Corp.
China Ruins US Plans to Bring Venezuela to Its Knees
- China is counterbalancing the US’ efforts to bring Venezuela to its knees: Beijing will lend Caracas around $10 billion while the country teeters on the brink of bankruptcy. While the United States is waging an “economic war” against Venezuela and its President Nicolas Maduro, China is likely to obliterate Washington’s plans to bring the Latin American nation to its knees; Beijing will lend Caracas around $10 billion in order to support the country’s economy.
Brazil and Portugal’s membership of the Asian Investment Bank paves way for joint projects in Portuguese-speaking countries
April 8th, 2015
- Brazil and Portugal’s membership of the Asian Infrastructure Investment Bank (AIIB) paves the way for joint projects with China in Asian countries such as Timor-Leste (East Timor), as well as in Portuguese-speaking Africa. Portugal, one of the few European countries that has the status of strategic partner with China, and Brazil, a major trading partner of China, both asked to join AIIB last week, a decision that was immediately hailed by the Chinese authorities.
Venezuela plans to buy more Russian and Chinese arms
Apr. 3, 2015
- Venezuela has announced plans to increase its total amount of arms imports from Russia and China in the coming years, Russian network Sputnik reports.
- Since 2010, according to SIPRI trade logs, Venezuela has ordered a range of self-propelled artillery pieces and transport aircraft from China, as well as tanks. From Russia, Venezuela received surface-to-air missile systems, anti-tank missiles, self-propelled artillery, and helicopters.
Maduro appreciates support of G77 and China to Venezuela amid U.S. threat
- CARACAS, March 25 (Xinhua) — Venezuela on Wednesday thanked the support of the Group of 77 and China who requested the repeal of an executive order issued by the President of the United States Barack Obama declaring this South American nation a threat to Washington.
CELAC urges U.S. to revoke anti-Venezuela decree
March 27, 2015
- The Community of Latin American and Caribbean States (CELAC) Thursday unanimously rejected a U.S. presidential decree declaring Venezuela a national security threat, and called on Washington to revoke it. The unanimous decision is “a clear rejection of the decree and proposes the decree be revoked,” Ecuadorian Foreign Minister Ricardo Patino, whose country currently holds CELAC’s rotating presidency, told reporters.
China pledges closer legislative ties with Latin America
- Top Chinese legislator Zhang Dejiang on Monday held talks with Elias Castillo, president of the Latin American Parliament, on stronger legislative ties. Zhang, chairman of the Standing Committee of the National People’s Congress (NPC), China’s top legislature, reviewed Chinese President Xi Jinping’s visit to Latin America last July when Xi and Latin American leaders announced the establishment of China-Latin America all-round cooperation partnership.
Europe said worried about Chinese economic advance in LatAm
March 18, 2015
- Europe is concerned about its loss of influence in Latin America and China’s growing presence in the region, one of the co-presidents of the Euro-Latin American Parliamentary Assembly, or Eurolat, said here. “We worry about no longer being the big economic partner that Europe has been for many Latin American countries, and about being replaced by another economic power, for example, China,” European Parliament member Ramon Jauregui said during the inauguration of Eurolat’s meeting in Panama.
Procurement: Latin America Orders Chinese
March 3, 2015
- China is making a major effort to become the largest exporter to Latin America (South America and the Caribbean). One of the major offerings is not cheap consumer goods but military equipment. This stuff is not only cheaper than anything the Americans have but is also sold without any restrictions. Over the last few decades the United States has added a growing list of conditions to its military exports. All these are directed at withholding weapons from any nation who that does not meet current American standards for political correctness. China has long ignored that sort of thing sold to anyone (openly or clandestinely) to anyone who could pay. China also realizes (as do most South American military leaders) that these countries do not need the best (as in American) weapons just something as good as or a little better than what their neighbors have.
“Open your heads: world is different, China leads”, argued Cristina Fernandez
March 2nd 2015
- “I’m asking all Argentine and mainly those who have aspirations of leading the country, to open their heads”, said Cristina Fernandez in reference to the recently signed agreements with China, which are in the framework of an “integral strategic association” and have under strong criticism.
- “I’ve been to all G20 meetings. I can assure you that dialogue between China and the US is permanent and nothing comes out of those meetings unless it has the consent from the US and China. Please drop the intellectual corset you are tied up to”, concluded Cristina Fernandez.
Brazil Becomes A New Front In The Battle Between Baidu And Qihoo
Mar 1, 2015
- The Chinese search giant no longer has their antivirus app offered on Google Play in Brazil after using illegal competitive tactics against Brazilian antivirus startup PSafe (backed by Baidu rival QIhoo360), maker of the leading Android security app in Latin America.
China’s loans to Latin America ‘rose to $22bn in 2014’
26 February 2015
- Loans by China’s state-owned banks to Latin American countries rose by 71% to $22bn (£14bn) in 2014, according to estimates published by the China-Latin America Finance Database. The figure is the second largest on record for Chinese lending in Latin America, according to the report. The Chinese loans exceed the combined worth of those by the World Bank and the Inter-American Development Bank, the authors say.
Argentina, China Could Jointly Develop Fighters
February 22, 2015
- TAIPEI — London’s successful blocking of the Gripen fighter sale to Argentina appears to have done little to stop Buenos Aires’ determination to replace its aging attack and fighter fleet. Nor has it halted its threats to use force to “liberate” the Malvinas (Falkland) Islands from British control.
- However, London quickly killed the deal. When that was nixed, Argentine’s President Cristina Kirchner traveled to Beijing, Feb. 2-5, and announced Argentina and China were creating a working group to facilitate the transfer of a variety of military equipment, including fighters. To further sweeten the pot, China takes Argentina’s position on the Falkland Islands and has compared the dispute to China’s sovereignty claims over disputed islands in the East and South China Seas.
EXCLUSIVE: China sells fighter jets to Argentina which are able to attack Falkland Islands
Feb 15, 2015
- The move, which further raised tensions in the South Atlantic last night, follows a three-day visit by President Kristina de Kirchner to Beijing last week, in which Argentina secured 15 economic agreements and significant financial investment to bolster its failing economy.
China and Argentina seal key deals
- Out of a wheelchair and sporting a red outfit, Argentine President Cristina Fernandez de Kirchner was back on two feet in Beijing on Wednesday for a meeting with President Xi Jinping. Kirchner, 61, has been recovering since breaking her ankle on Dec 26, forcing her to cancel several overseas trips. Xi wished her a full recovery during her visit to China. Both countries signed 15 agreements, covering areas including finance, nuclear energy, space technology, telecommunications and culture.
China, Argentina set for defence collaboration, Malvinas-class OPV deal
01 February 2015
- Argentine president Cristina Fernández de Kirchner is expected to sign agreements with China to increase military co-operation, including construction of new warships for the Argentine Navy, during a visit to Beijing on 3-5 February, according to media reports. The expanded level of Argentine-Chinese military co-operation, which has been about a year in preparation, follows the signing of a memorandum of understanding (MoU) on 29 October 2014 by an Argentine-Chinese Joint Committee on Co-operation in the Field of Defence Technology and Industry. The actual joint development programmes were finalised during a visit by a Chinese defence trade delegation to Buenos Aires in late January.
China, Argentina agree on work for new nuclear power plants
Feb 04, 2015
- Chinese and Argentine leaders on Wednesday signed a batch of agreements, including collaboration on two new nuclear power plants, as Beijing is strengthening its relations with the South American country. On a state visit to China, Argentine President Cristina Fernandez de Kirchner met with Chinese President Xi Jinping and the two countries signed 15 agreements covering travel visas, information technology, media, energy, space technology and financing. The financial amounts of the deals were not disclosed.
‘Argentina confirms its presence in the world’s No.1 economy’
February 3, 2015
- President Cristina Fernández de Kirchner took it to Twitter once again to provide an account of her official trip to China, after meeting with the CEOs of Chinese leading companies. “They have no doubts of Argentina’s potential after 10 years of growth and development,” she tweeted. “It has been a long day, but a very fruitful one. Argentina confirms its presence and importance in the world’s No.1 economy. The welcome could not be better,” the president said at the end of her first day in a three-day trip to China.
Argentina Congress OKs deal with China on satellite station
February 26, 2015
- BUENOS AIRES, Argentina (AP) — Argentina’s Congress on Wednesday approved the installation of a Chinese satellite tracking station in the South American country’s Patagonia region. The measure passed in the lower house with 133 votes in favor and 107 against. Opposition lawmakers questioned the possible military use of the base and a tax exemption that will benefit the station for 50 years. President Cristina Fernandez’s government has said the project is part of China’s plans to reach the moon in 2020.
Tributes to José Martí on 55 years of China-Cuba ties
- To commemorate the 55th anniversary of diplomatic relationship between China and Cuba, as well as the 162 anniversary of José Martí’s birth, a floral tribute to the sculpture of José Martí was held at Beijing Jintai Art Museum on January 30.
- The success of Chinese President Xi Jinping’s visit to Cuba is still vivid in my mind. He was in Havanato accept the ‘José Martí’ Medal of the Cuban government. President Xi said the sculpture of José Martí in Beijing and Shanghai expresses the friendship which is full of warmth and affection between Cubans and Chinese. For all the Latin America and the Caribbean, it is a great honor to receive the kindly support from Jintai Art Museum.”
China’s new playground: America’s backyard
29 Jan 2015
- China has also loaned $2.1 billion to Argentina for a grain-transporting rail system, and has bid on a scandal-plagued $3.7 billion Mexican high-speed rail development contract.
- Natural resources from Latin American are critical for China. In Peru alone, Chinese firms have recently invested $1.2 billion in an iron ore mine and $3.5 billion in a copper mine. Beijing-backed firms are also engaged in lithium mining and development in Bolivia.
China’s Newest Sphere of Influence
Jan. 22, 2015
- Celac is a relatively recent invention. Conceived in 2010 at a meeting in Caracas hosted by Venezuelan strongman Hugo Chavez, it is designed to deepen integration among Central and South American states—while excluding the U.S. and Canada. The 33-member bloc explicitly styles itself as an alternative to the U.S.-led Organization of American States and a “weapon against imperialism,” aka American influence.
- Chinese President Xi Jinping pledged to double Chinese trade with the Celac countries over the coming decade and to invest $250 billion across the region. Ecuador’s Rafael Correa left the summit with more than $7 billion in new Chinese aid and credit, while Venezuelan President Nicolás Maduro received much-needed pledges of investment from China’s state-run Bank of China and China Development Bank.
Argentina Said to Secure $400 Million More in China FX Swap
- (Bloomberg) — Argentina is set to boost its reserves by $400 million after requesting the fourth installment of an $11 billion currency swap agreed with China. The central bank will receive the funds in the coming days, said a central bank official who requested anonymity because he’s not authorized to speak publicly. The $2.3 billion Argentina has received so far from the swap accord with People’s Bank of China has allowed President Cristina Fernandez de Kirchner to stabilize falling reserves following a default in July. Central bank funds rose to more than $30 billion at the end of 2014 after falling to an eight-year low of $26.7 billion in April.
China makes its presence felt in US backyard with deepening Latin American ties
13 January, 2015
- By pledging to boost investment in Latin America by US$250 billion over the next decade, President Xi Jinping is discrediting the US-headquartered Organisation of American States, which originally served as a bulwark against communist penetration in the continent. In contrast, the Community of Latin American and Caribbean States is an alternative political bloc established in 2011 in Venezuela.
- Emblematic of China’s increasing clout, trade in goods with Latin America skyrocketed from more than US$12 billion to about US$275 billion between 2000 and 2013, according to a report by the UN Economic Commission for Latin America and the Caribbean, published on the first day of the forum.
China Buying Up Latin American Oil
12 January 2015
- Since 2007, Venezuela has borrowed more than $50 billion from China – loans that prevent Venezuela from otherwise marketing about half of its current exports to the Asian nation, which total approximately 500,000 barrels per day (bpd).
- On Wednesday, Venezuela and President Nicolas Maduro landed more than $20 billion in investment for economic, social, and oil-related projects. This arrangement precedes what Maduro hopes to be a more liquid $16 billion loan that could be more freely applied to its other debt obligations. Still, China sets the terms and it wants more oil in return – more than 100,000 bpd greater than current levels.
Ecuador Gains $5.3 Billion Credit Line From China as Oil Tumbles
- President Rafael Correa, a 51-year-old former economics professor, traveled to China this week to ask for loans to help prop up public spending after the price of crude, Ecuador’s biggest export, plunged to its lowest level since April 2009. The government announced yesterday that it would cut the 2015 budget by $1.42 billion, or almost 4 percent, because of a decline in oil revenue. China “is very interested in continuing to finance because of the seriousness of the government and our ability to execute and plan,” Correa said in a separate statement published today in the presidential gazette. “The price of oil has kept changing, which makes it necessary to respond with adjustments.”
China agrees to invest $20bn in Venezuela to help offset effects of oil price slump
8 January 2015
- China has agreed to invest more than $20bn (£13.2bn) in Venezuela to help it overcome an economic slump exacerbated by plummeting oil prices, the Venezuelan president has announced. Nicolás Maduro has been in Beijing since Monday to participate in a major meeting between China and the Community of Latin American and Caribbean States (CELAC) – a coalition of 33 countries that was formed in 2011. He announced the $20bn deal after meeting with the Chinese president, Xi Jinping. “We rounded up more than $20 billion in investment,” Maduro told Venezuela’s official AVN news agency.
China’s Xi Woos Latin America With $250B Investments
January 08 2015
- (Reuters) – Chinese President Xi Jinping pledged on Thursday $250 billion in investment in Latin America over the next 10 years, as part of a drive to boost Beijing’s influence in a region long dominated by the United States. Leaders of the Community of Latin American and Caribbean States, or CELAC – a bloc of 33 countries in the region that excludes the United States and Canada – gathered in Beijing for the first time for a two-day forum on Thursday. The forum, which also marked the first time China hosted the body, came at a time when Beijing is trying to step up its presence in the region as it clamors for more resources.
China, Ecuador sign deals to boost ties
- A raft of agreements were sealed between China and Ecuador in Beijing on Wednesday amid the oil-reliant Andean nation’s efforts to tackle a budget shortfall caused by plunging oil prices. The nine agreements, signed after talks between President Xi Jinping and his Ecuadorian counterpart Rafael Correa, extend the timeline of two loans and boost cooperation in the financing, education and technology sectors. The countries also announced an upgrade of their 35-year-old ties to a strategic partnership.
China, Latin American Ministers to Gather in Beijing Promoting Cooperation
- Twenty foreign ministers from Latin America and the Caribbean are set to meet in Beijing with Chinese officials later this week to discuss increasing cooperation between China and the region. The first ministerial meeting of the China-CELAC forum was first proposed by Chinese President Xi Jinping in July during a tour of Latin America. Zhu Qingqiao, a Chinese Foreign Ministry official, says the meeting between the Chinese government and officials with the Community of Latin American and Caribbean States, or CELAC, will focus on exploring more cooperation in areas including politics, diplomacy, trade and economics.
Venezuela’s Maduro in China seeking aid for stricken economy
January 7, 2015
- BEIJING (AP) — Venezuela’s President Nicolas Maduro met Thursday with Chinese leader Xi Jinping amid hopes for new loans to bolster the South American nation’s stricken economy. Xi reiterated the importance of relations during talks between the two leaders at the Great Hall of the People in Beijing, saying the two countries enjoyed a “cooperative strategic partnership” and would deepen cooperation in all areas.
China trade thrives again in Latin America
- The Acapulco Historical Museum of Mexico exhibits a model of a sailing ship – the world-famous Manila Galleon, which is also known as the China Ship. In mid-16th century, a Spanish expedition sailed from Mexico, arrived at the central region of the Philippines and then caught the eastward-blowing winds off the east coast of Japan that took them back to Acapulco. In this way they mapped out a “silk road” across the Pacific Ocean. The Manila Galleon was manufactured in the Philippines by Spanish-hired Chinese craftsmen. With a capacity of 300 tons, it was the most state-of-the-art freighter in the world at that time. During the 250 years from the latter half of the 16th century to the early days of the 19th century, such galleons traveling between the Philippines and Mexico mainly transported raw silk, china, brocade and cotton cloth from South China’s Guangdong Province and East China’s Fujian Province.
‘New height’ for China’s relations with LatAm
- China-Latin America relations reached a “new height” last year as a more confident and proactive China laid out strategic cornerstones to prop up a “major-country diplomacy” that features stabilizing neighborhood, spearheading global economic development and weaving a network of partners, analysts said. In December, along with Premier Li Keqiang’s successful visit to Kazakhstan, Serbia and Thailand, Foreign Minister Wang Yi summarized as “a harvest year for Chinese diplomacy” at a recent ministry reception.
Chinese firms win $274m Argentina railway contract
- A leading Chinese railway company said on Dec 15 that it had won a 1.7 billion yuan ($274 million) contract from the government of Argentina. CSR Corp. Ltd. said on its website that it will provide 80 locomotives and 2,000 freight rail cars for a railway renovation project in the Latin American country.
- It is just another win for the Chinese firm. In November, the company signed China’s largest single overseas construction deal with Nigeria, a deal valued at $12 billion. Despite the scrapping of bidding in early November for a $3.75 billion project by the Mexican government, the Chinese company has shown its interest in bidding again.
Nicaragua announces start of China-backed canal to rival Panama
Dec 23, 2014
- Dec 22 (Reuters) – Nicaragua on Monday announced the start of work on a $50 billion shipping canal, an infrastructure project backed by China that aims to rival Panama’s waterway and revitalize the economy of the second-poorest country in the Americas. The groundbreaking was largely symbolic, as work began on a road designed to accommodate machinery needed to build a port for the canal on the Central American country’s Pacific coast. Nicaragua’s government says the proposed 172-mile (278-km) canal, due to be operational by around 2020, would raise annual economic growth to more than 10 percent.
Group of 77 And China condemns US sanctions against Venezuelan officials
December 23 2014
- BUENOS AIRES, December 23. /TASS/. International community of developing countries known as the Group of 77 and China (G77 + China) condemns the U.S. sanctions against a number of Venezuelan government officials, President Evo Morales of Bolivia said on Monday.
- Morales said G77 + China had passed a resolution calling for an urgent revocation of sanctions against Venezuela as they undermined the UN Charter and international law, including the principle of non-interference in the domestic affairs of sovereign countries. G77 + China urged the international community to take efficacious steps towards preventing a unilateral use of coercive economic measures against the developing countries, Morales said.
China, Chile seek enhanced trade, investment
- Chile and China are looking to a prospective enhanced bilateral investment and trade relation in 2015. As China is now free to do investment when many Chinese companies are allowed in the framework of APEC to do Public Private Partnership projects in the Asia-Pacific area, Chile is trying to attract Chinese investors to do PPP when in Chile, with $15.2 billion infrastructure projects under way. “We believe Chinese investors can add competitiveness in our infrastructure sector,” said Andreas Pierotic, commercial counselor with Chile’s embassy in China.
Brazilian-Chinese environmental satellite working fine
December 09, 2014
- The CBERS-4 satellite, the fifth developed by Brazil and China for environmental monitoring and launched earlier this week, is operating normally, the National Institute of Space Research, or INPE, said. The agency has started operations to test the satellite’s four cameras and expects to receive the first images this week. The spacecraft, launched from China on Sunday on a Long March 48 rocket, will capture low-, medium- and high-resolution images of the Earth intended, among other applications, to monitor deforestation in the Amazon, the world’s largest tropical jungle.
Chile eyes Chinese investment
- Chile is keen to attract Chinese investment into both its physical and digital infrastructure to enhance its connectivity and facilitate its development. Jorge Heine, Chile’s ambassador to China, made the remarks in an interview with China Daily. The special geography of the South American country, featuring a long coastline, poses challenges to the country’s connectivity. An underwater optical fiber broadband network is planned to link up the 1,000 kilometer southern half of the country, Heine said.
Chile builds on trade with China
- The partnership between China and Chile is very important, with Chile’s role as port as well as bridge for China to further its participation in regional trade with Latin American countries, said the president of Chile. Michelle Bachelet, re-elected in March to a second term as president, said the platform of the APEC meeting for the Asia-Pacific regions is promising and positive. “We are closer to be able to really achieve the particular momentum and to really think about the free trade agreements in the area that will be put into enforcement in the future,” she said in an exclusive interview with China Daily on Nov 12, one day after the meeting ended.
China, Mexico Agree to Expand Bilateral Cooperation
Nov 15, 2014
- During their Nov. 13 meeting at the Great Hall of the People in Beijing, Chinese President Xi Jinping and Mexican President Enrique Peña Nieto agreed to forge a new “1+2+3” pattern of cooperation in the development of the China-Mexico comprehensive strategic partnership. Under the “1+2+3” arrangement, the two heads of state agree to one engine of financial cooperation; two mainlines of trade and investment cooperation; and three key fields of infrastructure, energy and high-technology cooperation. Xi and Peña Nieto also agreed that their respective countries should focus on the converging points of their development strategies, and in doing that, formulate practical, effective and targeted action plans.
China’s Xi, Brazil’s Rousseff agree on advancing railway cooperation
November 16, 2014
- BRISBANE, Australia, Nov. 16 — Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff here Sunday, calling for early substantial progress in China-Brazil railway cooperation. The relationship between China and Brazil has a promising future, Xi told Rousseff on the sidelines of the Group of Twenty (G20) Summit in Australia, noting that he and Rousseff reached broad consensus on deepening bilateral cooperation in all fields in his July visit to Brazil.
Chinese Internet companies find Brazil attractive
- During his visit to Brazil in July, Chinese President Xi Jinping and his Brazilian counterpart Dilma Rousseff watched the launch of the Portuguese version of China’s Baidu search engine. Early in October, China’s biggest Internet search engine acquired the controlling stake in the Brazilian online-discount company Peixe Urbano for an undisclosed sum.
Chinese PV firm begins Latin American drive with $600m Mexican solar power plant
27 October 2014
- Chinese PV firm begins Latin American drive with $600m Mexican solar power plant A Chinese solar power company has announced that it is to spend $600m on a 300MW photovoltaic solar power plant in the state of Durango, in north-west Mexico.
China’s tie with Latin America expands to security
- China’s tie with Latin American countries have exceeded from trade to security cooperation as China National Electronics Import& Export Corporation (CEIEC) is helping Local countries to build their national security control centers. “We can say now, very proudly, that Ecuador is one of the most security countries in Latin America,”said Ecuadorian President Rafael Vicente Correa Delgado this September.
Ecuador security system part of China’s Latin America expansion
- To expand its influence in Latin America, China has decided to assist Ecuador in establishing an integrated security service called ECU 911 to protect and maintain social order in the country, according to the People’s Daily a newspaper operated by the Communist Party of China.
- Under the program, 3,000 surveillance cameras were installed in various parts of the country. New electronic surveillance systems were established on the border to alert Ecuadorian authorities if anyone crossing has an international arrest warrant against them, according to security minister Homero Arellano. With this new security service, it takes only between five and ten minutes for the police, fire fighters and medical personnel to respond an emergency, according to the state-run Chinese paper.
China Scores Cheap Oil 14,000 Miles Away as Glut Deepens
Oct 24, 2014
- China is finding oil supplies 14,000 miles away, aided by the global rout in prices that’s left producers vying for new markets. PetroChina Co. said it bought Colombian crude for a northern refinery for the first time because it was good value. The transaction underscores how the world’s second-biggest oil consumer is benefiting as producers from the Middle East to Latin America vie for customers in Asia.
China’s Baidu takes control of Brazil’s Peixe Urbano in expansion push
Oct 9, 2014
- Oct 9 (Reuters) – China’s Baidu Inc, the world’s No. 2 Internet search engine, bought control of Brazilian rival Peixe Urbano for an undisclosed sum, the latest step in a push to expand in Latin America’s largest economy that began more than two years ago. Under terms of the transaction, which were announced in a statement on Thursday, Baidu will let Peixe Urbano’s management team, led by co-founder and chief executive officer Julio Vasconcellos, operate autonomously within Baidu’s corporate structure. Both firms declined to give the size of Baidu’s stake in Peixe Urbano.
China, Venezuela To Collaborate on New Earth Observing Satellite
October 7, 2014
- PARIS — The Venezuelan government on Oct. 5 contracted with China’s satellite- and rocket-export company for construction and launch of an Earth observation satellite in what will be the two nations’ third satellite collaboration.
- For Beijing-based China Great Wall Industry Corp. (CGWIC), the Venezuelan contract ended a dry spell on export markets. China’s domestic demand is sufficient to keep its Long March rocket series busy, but CGWIC is charged with finding export opportunities. The contracts are usually for the in-orbit delivery of satellites developed in China.
China Holds Business Summit With Latin America, Caribbean
September 15, 2014
- Hundreds of executives from Latin America, the Caribbean and China recently gathered for the eighth China-Latin America and the Caribbean Business Summit. Last week’s summit, hosted in Changsha, China, focused on opportunities for businesses from both regions. The summit was organized by the Inter-American Development Bank, the China Council for the Promotion of International Trade, the People’s Bank of China and the government of Hunan Province.
Caribbean countries mark China’s Independence Day
September 24, 2014
- GEORGETOWN, Guyana (CMC) – Guyana and Dominica Tuesday night praised China for its role in helping in their socio-economic development and promised to continue diplomatic relations with the Asian country. In separate activities in Roseau and Georgetown, the two countries marked the observance of the founding of the People’s Republic of China on October 1, 1949, praising Beijing for friendship that has led to economic development in the two countries.
China’s Bocom Said Planning Expansion for Brazil, Canada
Sep 23, 2014
- Bank of Communications Co., China’s fifth-biggest lender by market value, plans to expand in Brazil and Canada, according to a person familiar with the matter. Bocom will start with a representative office in Brazil and then seek a banking license, said the person, who isn’t authorized to speak publicly and asked not to be identified. The Shanghai-based company also plans to begin operating in Toronto and Luxembourg, the person said, without giving more details.
Latin America set to play bigger role for Chinese firms
- Agriculture, telecommunications and tourism will continue to be the key investment areas for Chinese companies in Latin America and play a big role in boosting China’s ties with the region, leading industry experts said on Thursday. Speaking at the sixth Latin America China Investment Forum organized by the Inter-American Development Bank in Beijing, Hans Schulz, vice-president of private sector and non-sovereign guaranteed operations at IDB, said China has stepped up the pace of its engagements, particularly in trade, resources procurement and asset diversification, during the past five years.
Ecuador to Develop Its Own Satellite with Chinese Help
- BEIJING – Ecuador is seeking to develop its own satellite using space technology from China and to collaborate with the Asian country in weapons production, Ecuadorian Defense Minister Maria Fernanda Espinosa said Wednesday in Beijing. The minister expressed Ecuador’s intent to increase its military presence in China and learn about cyber-security models developed in the Asian country, a step she considers “necessary” to combat the “threat of cyber-warfare.”
Argentina to get $1bn in currency swap with China before end of 2014
September 08, 2014
- Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during his Latin America tour – shortly before the country fell into its second default in 12 years.
China helps with 4th Argentine nuke plant
September 04, 2014
- China will take part in the construction of Argentina’s fourth nuclear power plant, officials in Buenos Aires say. The China National Nuclear Corporation (CNNC) will pour $US2 billion ($A2.16 billion) into technical support and logistics to build Atucha III, the government said on its website following the signing of a deal in Beijing.
China hosts military forum with Latin American countries
- Senior military officers from eight Latin American countries gathered at a defense forum hosted by China’s Ministry of Defense in Beijing Monday. The officers are from Argentina, Bolivia, Colombia, Cuba, Ecuador, Mexico, Uruguay and Venezuela, according to the ministry statement.
China’s 58 partners around the world
July 28, 2014
- The concept of “partnership” originated at the end of the Cold War, when NATO implemented the “Partnership for Peace program” to build trust with non-NATO countries. “Partnership refers to a type of international cooperative relationship between countries (regions, organizations) based on mutual trust, within the framework of which the entities cooperate in political, economic, scientific, cultural and other areas,” says Liu Yuqin, researcher with the China Foundation for International Studies and former Chinese ambassador to Ecuador, Chile and Cuba.
- To date, China has established partnerships with 58 countries and organizations. Major forms of these partnerships include cooperative partnership, comprehensive partnership of cooperation, strategic partnership of cooperation, comprehensive strategic partnership of cooperation. Strategic partnership suggests the two parties share common objectives overall and in terms of core interests, whereas comprehensive strategic partnership entails more extensive cooperation and constitutes a higher form of strategic relationship.
China’s support of Latin America ‘doesn’t come for free’
- After the BRICS summit and a visit to Brazil, China’s President Xi Jinping is embarking on a tour of Argentina, Venezuela and Cuba in a bid to boost ties and gain clout in the region, as analyst Victor Mijares tells DW. The trip – Xi’s second to Latin America since taking office as head of state last year – follows a BRICS summit in the northeastern Brazilian seaside city of Fortaleza, where the leaders of Brazil, Russia, India, China and South Africa agreed to create a development bank and a crisis reserve fund seen as rivals to Western-dominated financial institutions.
Cuba hopes for more investment as Chinese president arrives
Jul 21, 2014
- (Reuters) – Chinese President Xi Jinping begins a two day visit to Cuba on Monday evening, stirring hopes on the island that China will finally invest in the country after a number of important deals never materialized. Xi was to meet with President Raul Castro on Tuesday and then fly to Santiago de Cuba to see plans to improve port facilities and recovery efforts from Hurricane Sandy, which devastated Cuba’s second city almost two years ago.
- “The Chinese are not satisfied with the pace and depth of reforms in Cuba,” said Christopher Sabatini, senior director of policy at the Americas Society and Council of the Americas. “This is ultimately a pragmatic government and it’s not about to invest in Cuba for ideological reasons or even for geopolitical, long-term reasons if there isn’t a profit or resource to be gained immediately.”
China, Cuba sign bilateral agreements
23 JUL 2014
- Chinese president Xi Jinping arrived in Havana on Tuesday to sign 29 new bilateral agreements in finance, biotechnology, agriculture, infrastructure and renewable energy. Beijing will finance a new terminal at the port of Santiago de Cuba, according to the news website Cuba Debate. China and Cuba will also cooperate on cyberspace issues.
- China has significant oil interests in Cuba, where it manages several wells in the northern coast. In June 2011, then vice-president Xi Jinping signed 13 energy and economic agreements with Havana, including two projects to expand the Cienfuegos refinery and build a liquid gas plant in partnership with Venezuela.
When China met Cuba: Xi Jinping visits Havana
Jul 23, 2014
China to launch remote sensing satellite for Venezuela
- The China Aerospace Science and Technology Corporation (CASC) has signed an agreement with Venezuela for in-orbit delivery of a second remote sensing satellite for the country, the company said on Tuesday.
- China sent a remote sensing satellite, the “VRSS-1,” into space from northwest China’s Gobi desert for Venezuela in 2012. VRSS-1 is Venezuela’s first remote sensing satellite and is mainly used for the country’s land resource inspections, environmental protection, disaster detection and management, crop yield estimation and city planning.
China to Expand Satellite Tech Transfer to Venezuela
- The pledge was made after a meeting between Chinese President Xi Jinping and his Venezuelan counterpart Nicolas Maduro. “China has full confidence in the development of our bilateral ties. We’re willing to make efforts, along with Venezuela, to always be friends, to have mutual trust and be excellent partners of mutual cooperation to move our relationship ahead constantly.” Xi Jinping says China is ready to expand satellite technology transfers to Venezuela.
Xi signs Venezuela resource deals on Latin American tour
22 July 2014
- CARACAS: Chinese President Xi Jinping signed a raft of oil and mineral deals with Venezuela Monday, his latest stop on a Latin American tour showcasing China’s growing influence in the region. During his four-country visit to what is often considered America’s back yard, Xi has reached out to resource-rich countries such as Venezuela and Argentina at a time when they are often shunned by the United States and Europe.
- “China’s political and economic expansion is pragmatic in character. It’s not about ideology or competition with the United States, but a Chinese policy of looking long-term for natural resources in different parts of the world,” he told AFP. China knows Argentina and Venezuela hold huge natural resource deposits, particularly two they are desperately searching for to fuel an economy and a society like China’s: oil and food in the case of Argentina, and oil and gas in the case of Venezuela.”
Venezuela, China Announce “Upgrade” to Strategic Partnership
July 23, 2014
- After a private meeting at the Miraflores Palace, President of Venezuela Nicolás Maduro and his Chinese counterpart, Xi Jinping, announced the creation of a new “integral strategic partnership” between their countries. “We have decided to upgrade our relationship to a higher level and create an integral strategic partnership between China and Venezuela,” said Maduro during a formal ceremony with the Chinese president.
- Caracas and Beijing signed 400 agreements covering a wide range of industries, such as energy, oil, education, health, technology, trade, housing, agribusiness, infrastructure, culture, and sports.
Venezuela confirms China as a pillar of its economy
July 21, 2014
- Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost $5.7 billion in loans, the Asian giant will provide support in many key areas. Facing China’s Xi Jinping at the closing ceremony of the 13th bilateral Mixed Commission, President Nicolas Maduro told his Chinese counterpart that his visit of little more than 24 hours had “surpassed all expectations.”
China announces heavy investments in Argentina
19 Jul 2014
- BUENOS AIRES: Visiting Chinese President Xi Jinping announced Friday huge investments in hydroelectric power, shipbuilding, railways and a deal to help Argentina build its fourth nuclear plant. No total dollar figure was given. Xi has pressed a charm offensive with Latin America since arriving in Brazil earlier this week. Friday saw Argentina in the spotlight, with Xi signing more than 20 agreements with President Cristina Kirchner on the first day of his three-day visit. Among the agreements was a bilateral “strategic partnership,” similar to others signed with emerging nations such as Brazil.
China to loan Argentina $7.5 billion for development
Jul 19, 2014
Xi Brings Brazil Chinese Deals for Jets, Energy, Cars
Jul 17, 2014
- China pledged more than $8.6 billion in investments and loans in Brazil today as President Dilma Rousseff vows to attract capital to stimulate a slowing economy. China ordered $3.2 billion worth of jet planes from aircraft manufacturer Embraer SA and offered a $5 billion, three-year credit line to the country’s largest exporter, Vale SA (VALE5), Rousseff and the iron ore producer’s Chief Executive Officer Murilo Ferreira told reporters today in Brasilia. The announcement followed Rousseff’s meeting with China’s President Xi Jinping.
Chinese President offers to build rail network across S America
July 17, 2014
- Firming up China’s engagement with resource-rich Latin America, President Xi Jinping has offered to build a railway network across the continent, considered the backyard of the US. During his meet with Peruvian President Ollanta Humala on the sidelines of BRICS summit in Brasilia on Wednesday, Xi proposed that China, Peru and Brazil form a working group to promote cooperation on the project.
Trade booms between Latin America and China
- China has seen booming trade with Latin America, but the rapid expansion of Chinese capital and businesses in the region has met growing challenges, reports Guangzhou’s 21st Century Business Herald. Trade between China and Latin America jumped from US$14.9 billion in 2001 to a record 261.6 billion in 2013, making China the second largest trading partner of the region, the paper said.
The Dragon In Uncle Sam’s Backyard: China In Latin America – Analysis
June 8, 2014
- China’s increasing trade and investment in Latin America is impressive. In 2011, the value of all trade between China and Latin America hit $241.5 billion USD, with Chinese exports valued at $121.7 billion USD and imports of Latin American goods valued at $119 billion USD.  Overall, the growth in trade between China and Latin America grew a massive 1200% between 2000 and 2009.
- There are many in Latin America who, when speaking of the region’s growing relationship with China, hail it as the first step in dismantling U.S. hemispheric hegemony. “We are advancing in the building of a civilizing, deeply human strategic alliance, which will end the time of hegemonic powers that subjugated our countries,” commented Nicolas Maduro, President of Venezuela, on his country’s deepening relationship with China.  This likely reflects China’s “no strings attached” policy of investment and trade, which does not concern itself with the internal affairs of a partner nation.
US foreign policy in Latin America leaves an open door for China
31 January 2014
- China has $3.8tn in reserves and would barely notice the money that would be necessary to finance a similar credit line for Argentina and Venezuela. In fact, China would most likely be better off even if the money were borrowed.
- With the US “pivoting” toward Asia, supporting militarism in Japan, and seeking to maintain military dominance in east Asia, China’s main interest is in the further development of a multi-polar world and a greater role for the United Nations, developing countries and international law and diplomacy.
- Although these alliances will primarily be closer to home, most of Latin America is a naturally ally not only because of its increasing trade and commercial relations with China, but because of its common interest in an international political order that favors respect for national sovereignty and independence over unilateral intervention and military force.
Group of 77 demand fairer new world order
16 June, 2014
- Developing countries have called for a fairer new world economic order at a Group of 77 plus China summit in Bolivia. UN Secretary General Ban Ki-moon also spoke to the vast audience that included 30 heads of government and representatives of more than 100 nations. Ban said the destiny of billions of poor people and the state of the planet depended on their work.
China’s Push Into ‘America’s Backyard’
February 08, 2014
- The United States has been quite vocal about its “pivot to Asia,” but as Washington seeks to further its influence in the Asia-Pacific, China has been quietly upping its own importance to Central and Latin America. Now China is making a push to further its engagement with countries in the Western Hemisphere, as evidenced by the announcement of a new dialogue mechanism. The Community of Latin American and Caribbean States (CELAC), which met in Cuba from January 28 to 29, adopted a statement announcing the establishment of a China-CELAC Forum. CELAC itself is a fairly new organization, having been established only in 2011, yet it has the potential to be an important political force. Last year, with Cuba as the rotating president, the organization focused on regional cooperation in education, anti-corruption, and natural disaster relief. CELAC also declared Latin America a “peace zone,” with countries agreeing to solve their differences peacefully, through dialogue. Cuban President Raul Castro, who headed this year’s CELAC summit in Havana, called CELAC “the legitimate representative of the interests of Latin America and the Caribbean.”