LATAM-CHINA OUTLOOK: A dynamic relationship

LATAM-CHINA OUTLOOK: A dynamic relationship

China

Since 2001, when China became a member of the World Trade Organization, the Asian giant has become a much more significant trade and investment partner to Latin America. Trade between the two has multiplied by 21 times since 2002. In contrast, trade between Latin America and Europe only grew twofold, and between the continent and the US threefold. Last year, China’s total exports to the region amounted to $130 billion while imports added up to $104 billion, according to UN data. China has already emerged as Latin America’s principal banker. Between 2005 and 2015, China Development Bank and the Export-Import Bank of China lent the region $125 billion, almost double the amount lent by the IMF

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