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Category: Latin America

Chinese Lithium Giant Expands into Argentina

The Chinese battery metals company Ganfeng Lithium Co. will spend $962 million to buy 100% of the Argentinian lithium compounds producer Lithea. The company owns lithium salt lakes with a capacity of 30,000 tons of lithium carbonate per year.  Ganfeng Lithium ...

China’s State Banks Extended No New Loans to Latin America and the Caribbean Last Year

For the second year in a row, Chinese policy banks (China Exim Bank and China Development Bank) extended no new loans to governments or state-owned enterprises in Latin America and the Caribbean (LAC). This was the finding of a new study by Boston University’s Global Development Policy Center ...

China’s Influence a Key Theme of Senate Armed Services Committee Testimony on Latin America and the Caribbean

Threats from China are emerging as a common theme across different U.S. Commands at the U.S. Senate Armed Services Committee hearings. The issue of China’s influence in Latin America and the Caribbean (LAC) was raised by General Laura Richardson, the head of ...

New Data Shows China’s Economic Relationship with Latin America and the Caribbean is Evolving

By Zara C. Albright and Rebecca Ray For the second year in a row, the China-Latin America Finance Database, jointly managed by the Boston University Global Development Policy (GDP) Center and the Inter-American Dialogue, recorded no new official finance commitments from China to ...

Argentina Joins Belt & Road as Part of a Full Embrace of China (and Russia)

Argentinian President Alberto Fernández met for 40 minutes with his Chinese counterpart Xi Jinping in Beijing on Sunday, in what appears to be a major foreign policy shift for Latin America's fourth-largest economy. First, and most importantly, Argentina signed on to become the 

Analysis from Cobus van Staden

India Could Ban Cheap Chinese Phones

The Indian government could push Chinese mobile phone manufacturers out of the lower end of its market, according to a new report by Bloomberg. The possible ban is reportedly aimed at boosting India’s failing domestic phone makers in the lucrative sub-12,000 rupee ($150) sector. 

The move will be a blow to Chinese companies like Xiaomi, RealMe, and Transsion, who make up 80% of sales in the sub-$150 sector. Low-end smartphones occupy a third ...

With FOCAC Now Over, Chinese FM Wang Yi Turns His Attention to China’s Forum With LatAm and the Caribbean

Within days of the conclusion of the Forum on China-Africa Cooperation in Dakar, Chinese Foreign Minister Wang Yi pivoted to focus on a similar ministerial forum with his counterparts from Latin America and the Caribbean. Wang last Friday chaired the third Ministers' Meeting of the Forum of ...

Barbados PM Pushes Back on BBC Journalist About China’s Growing Investments in the Caribbean

Barbados Prime Minister Mia Mottley took exception to questions posed by BBC journalist Zeinab Badawi in a recent interview for the program Global Questions that the Caribbean country is at risk of becoming a "pawn" of China due to rising investment. Even ...

China Claims It Doesn’t Play Politics With Vaccine Distributions, But What Happened in Paraguay This Weekend Says Otherwise

The China National Pharmaceutical Group Corporation, the company that manufactures the Sinpharm vaccine, informed Paraguayan Health Minister Julio Borba on Saturday without warning that it will cancel its contract to supply the South American country with 1 million jabs. The company ...

Chile, Belarus Poised to Join the Growing List of Global South Countries That Will Produce Chinese COVID-19 Vaccines

China's drive to build manufacturing capacity for its COVID vaccines in countries across the Global South is poised to expand. Talks are now underway to build so-called "fill and finish" facilities in both Belarus and Chile. ...

China’s Rapidly Evolving Lending Practices in Africa and the Americas

It wasn't that long ago when China lent tens of billions of dollars to developing countries in Africa and the Americas to build vast amounts of badly-needed infrastructure. Now, it appears, those days are over.  ...
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