Country: Chile

By Paulina Abramovich with AFP offices in Latin America Chilean truck driver Claudio Perez was dubious about his first purchase of a Chinese-made family car two years ago. But the price and quick delivery time convinced him, and now he is ...

Chile's largest steel plant announced on Wednesday that it had suspended operations because it could not sustain itself financially despite new tariffs on Chinese steel meant to protect local production. The Chilean government described the Huachipato plant's decision as "irresponsible." At ...

By Rebecca Ray In 2023, China’s two most active development finance institutions (DFIs) – the China Development Bank (CDB) and the Export-Import Bank of China – committed just $1.3 billion in new sovereign finance to Latin American and Caribbean (LAC) ...

Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports. The Huachipato plant, which provides 2,700 direct jobs and some 20,000 indirect ones, announced a month ago it was winding down, unable to compete ...

By Paulina Abramovich Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry. Last year, the region imported ...

By John Bartlett Chile was China’s first ally in South America, and the two have become important trade partners. Now, relations are moving into a new phase of green cooperation and investment. It has been ...

By Zara C. Albright At last week’s Belt and Road Forum, China announced the creation of the Green Investment and Finance Partnership (GIFP), part of the $100 billion in new financing for the Belt and Road Initiative (BRI), aimed at ...

Chilean President Gabriel Boric oversaw the signing of a $233 million lithium deal on Tuesday with Chinese mining giant Tsingshan Holding Group, the latest investment that solidifies China's dominance of the fiercely contested EV battery metal supply chain.

One of the reasons so many leaders from around the world are in Beijing is because the Belt and Road Forum is expected to be an important space for new deals. Some leaders are traveling with large corporate entourages in the hope of finalizing trade and investment ...

Suspected Chinese state-backed entities launched a series of Twitter accounts to disseminate pro-China messaging to audiences in several Latin American countries, including Paraguay, Costa Rica, Chile and Brazil, among others, according to the findings in a new report published by the U.S.-based cyber intelligence firm Nisos.