Economy

    China to increase trade with Latin America

    By Ding Qingfen (China Daily)
    Updated: 2011-05-17 09:24
    Large Medium Small

    China to increase trade with Latin America

    An employee works on a computer-controlled embroidery machine, manufactured in Jiangxi province and soon to be exported to Brazil. China mainly exports electronic goods, machinery, garments and shoes to Latin America.?[Photo/China Daily]

    BEIJING - While China is seeking to stimulate domestic consumption to spur its economy, it plans to import a greater variety of goods from Latin American nations in an attempt at balancing its trade with foreign countries, said a high-level official from the China Council for the Promotion of International Trade.

    Wan Jifei, chairman of the trade council, told China Daily that the country is willing to encourage more Chinese businesses to invest in Brazil, Peru and other prominent Latin American countries. The money will be spent mainly in the consumer product, agriculture and mining industries. The goal is to induce Latin American countries to export more to China and elsewhere.

    Wan's remarks came after Chen Deming, China's minister of commerce, encouraged Latin American countries to open their markets further and to be more welcoming to foreign investment. Doing so, he said during a trip to Argentina, will let more Chinese companies gain a presence and help such countries export more to China.

    Related readings:
    China to increase trade with Latin America China's 2011 trade surplus may drop to $100b
    China to increase trade with Latin America Economist says China trade surplus will dip in 2011
    China to increase trade with Latin America RMB fund planned to aid Latin America
    China to increase trade with Latin America US remains big player in Latin America

    "China could import more agricultural by-products, infrastructure-related goods and chemical goods from Latin America," Wan said. "And the value of imports will undergo a sharp rise."

    By the end of 2009, the annual value of trade between China and Latin American countries had risen for three consecutive years to more than $100 billion. China regularly runs trade surpluses with the region.

    "Although bilateral trade rose rapidly, the scale could have been much larger," said Harold Forsyth, the Peruvian ambassador to China.

    According to estimates, China's trade with Latin America accounts for only 5 percent of its total foreign trade.

    China has signed free trade agreements with Chile, Peru and Costa Rica in Latin-America. What's more, China is the largest importer of goods and services from Brazil and Chile, and the second-largest from Peru, Argentina and Cuba.

    "There is big potential for the growth of Chinese imports from the Latin-American nations," Forsyth said.

    China mainly exports electronic goods, machinery, garments and shoes to Latin America. Meanwhile, Latin American countries, the most prominent being Brazil and Argentina, mainly sell China agricultural products and minerals and other raw materials.

    "China thinks Latin American countries could export more, and export more value-added goods in particular, to China," Chen said. "We can take a series of measures to make that happen."

    Brazil is the largest trading partner China has in Latin America. In 2010, the value of trade between the two countries increased by 47.5 percent from the previous year, rising to $62.5 billion.

    "In the next five years, the value of the annual trade could exceed $100 billion," said Jim Liu, officer of Economic and Trade Section of the Embassy of Brazil in China.

    China now runs a trade deficit with Brazil, amounting to $20.28 billion in 2010. China imports large amounts of Brazilian iron ore, soybeans, sugar and aircraft.

    But Liu said China should do more to induce Chinese companies to invest in Brazil, to encourage trade between the countries and pave the way for Chinese imports to Brazil.

    "Many Latin American nations are emerging economies, which expand quickly," Wan said. "This leaves various investment opportunities to Chinese companies.

    "The rich mining resources that Latin American countries have are also attractive to Chinese companies."

    By the end of 2009, China's investment in Latin America had risen to $30.6 billion, accounting for 12.5 percent of China's total outbound direct investment.

    Latin America is the second-largest destination for Chinese outbound direct investment, following the Asia-Pacific region. In Latin America, most of the money goes to Brazil, Peru, Venezuela, Mexico and Argentina.

    During the past few years, Chinese companies have invested heavily in Latin America's energy and mining industries and more business opportunities are arising.

    分享按鈕
    久久午夜无码鲁丝片秋霞| 亚洲va中文字幕无码久久不卡| 亚洲成a人无码av波多野按摩 | 久久久久亚洲AV片无码下载蜜桃| 国产日韩精品中文字无码| 人妻无码中文久久久久专区| 久久久久久无码国产精品中文字幕| 精品无人区无码乱码毛片国产| 亚洲中文字幕无码不卡电影| 中文字幕一区在线观看视频| 一区二区三区无码高清| 东京热加勒比无码少妇| 在线观看片免费人成视频无码| 欧美日本中文字幕| 色吊丝中文字幕| 精品久久久无码中文字幕| 亚洲Av无码精品色午夜| 13小箩利洗澡无码视频网站免费| 狠狠干中文字幕| 亚洲中文字幕无码一久久区| 久久中文字幕无码专区| 国产精品无码A∨精品影院| 亚洲av中文无码乱人伦在线播放 | 久久久中文字幕| 乱人伦中文无码视频在线观看| 狠狠躁夜夜躁无码中文字幕| 亚洲AV永久无码精品| 中文精品无码中文字幕无码专区 | 五月丁香啪啪中文字幕| 久久久久中文字幕| 精品一区二区三区中文字幕 | 中文字幕亚洲综合久久菠萝蜜| 视频一区中文字幕| 日本免费中文字幕| 国产中文字幕在线| 天堂а√在线地址中文在线| 亚洲欧美精品综合中文字幕 | 亚洲欧美日韩中文字幕一区二区三区| 中文字幕在线精品视频入口一区 | 无码人妻少妇久久中文字幕蜜桃 | 久久无码AV中文出轨人妻|