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China and Latin America Agressive For Business

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Beijing Eastern International Logistics Chairman Zhu and Eugenio Cano

According to official accounts, more than 400 Chinese business leaders and government officials, and representatives of 600 Latin American businesses congregated in Lima, Peru from November 21 to 23 for the 5th China-Latin America Business Summit. President Ollanta Moisés Humala Tasso of Peru inaugurated the summit and Hua Jianmin, vice-president of the Standing Committee of the National People’s Congress headed the Chinese delegation.

The summit included forums, seminars and one-on-one meetings with Chinese businesses in the mining, tourism, agriculture, banking and infrastructure industries. China has become Latin America’s second trading partner—and Peru’s most important—after the United States and ahead of the European Union. China buys 16% of Peru’s exports, worth US$5.3 billion (See source below). The principal message transmitted in the summit by Latin American interlocutors was that the region seeks a strategic partner in China, one that would help transform it from pure exporter of raw material to one that manufactures value-added finished products.

Source: http://www.peruviantimes.com/24/hundreds-of-businesses-meet-at-china-latin-america-summit/14266/


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