November 1, 2010
by Natalie FearyLatAm-China ties are strengthening by the day, with the biggest acquisition on record by a Chinese firm in LatAm taking place in October. A visit to the region by Chinas president, plans by LatAms biggest miner to list in Hong Kong and tough negotiating by the regions asset sellers illustrate the growing complexity of the alliance.
The actual flow of money is still relatively minor. Reports of multibillion dollar oil supply deals being signed with Venezuela, Brazil and Ecuador lack convincing detail and market participants on both sides say that much of it is just talk. But positive momentum is building.
"We see Latin America as a very important market f
Cultural barriers remain, but the China-LatAm relationship is starting to blossom. Both sides hope to convert dialogue into more frequent large transactions.