What's new

China & Latin America news, updates, ...

We will not see it but there comes a time China will reach this level of parity, maybe a hundred years from now? :D
Should be enough time to have accumulated Naval experiences, buildup a large quantity of nukes, modernized our forces.
 
.
China, Brazil, Peru agree on feasibility study on transcontinental railway: Chinese premier
Source:Xinhua Published: 2015-5-23

China, Brazil and Peru have decided to conduct a feasibility study on a proposed transcontinental railway line connecting Peru's Pacific coast with Brazil's Atlantic coast, visiting Chinese Premier Li Keqiang said on Friday.

The three countries have also agreed to speed up the work of their joint working group for an early, substantial progress in the project, so as to drive the economic development along the railway and accelerate industrialization and urbanization in South America under the condition of environmental protection and biological diversity, Li told reporters after talks with Peruvian President Ollanta Humala.

Li said that during his ongoing visit to Latin America, he and leaders of Brazil, Colombia and Peru agreed to build new highlights in pragmatic cooperation in such fields as trade investment, industrial capacity cooperation, equipment manufacturing, and infrastructure construction.

The premier pointed out that China has accumulated a great deal of experience in railway construction, saying Chinese-made equipment has enjoyed advantages of high safety and cost performance ratios and has stood the test of international market competitions.

The Chinese side is willing to actively take part in building the transcontinental railway line and rail transit projects in relevant countries, strengthen technology transfer while conducting cooperation in equipment and other areas, boost interconnection in South America, promote regional economic development, and better realize mutually-beneficial and win-win results, he said.

Humala said the two countries' free trade agreement and comprehensive strategic partnership fully indicate that Peru-China relations have developed smoothly with broad prospects.

He described Li's visit to Peru as a great event in the history of development of Peru-China relations, saying the Peruvian side is willing to keep expanding cooperation with China.

The president voiced his appreciation for a series of proposals raised by China on supporting Peru's industrialization, noting that China is welcome to add investment in the South American country in such areas as mining and agriculture.

The two sides signed a memorandum of understanding (MoU) on the feasibility study on the transcontinental railway line, which has consolidated and lifted the Peru-China friendly relationship of cooperation to higher levels, he said.

The MoU will help Peru realize better development and boost common development and prosperity of Peru, Brazil, China and the region, Humala said.

Peru is the third leg of Li's four-nation tour to Latin America after Brazil and Colombia. He will also visit Chile.
 
.
Localization helps Chinese carmakers thrive in LatAm
English.news.cn 2015-05-25

by Xinhua Writers Mao Pengfei, Wang Zhengrun

RIO DE JANEIRO, May 24 (Xinhua) -- "Locals make up about 70 percent of our employees, and we are expanding presence along the industrial chain to become more localized," said Peng Jian, general manager of Chinese carmaker Chery in Brazil.

Chery opened its first wholly owned plant overseas last August in Jacarei, in the state of Sao Paulo, Brazil, in a landmark step in its global strategy.

The Chery subsidiary, with a total investment of 400 million U.S. dollars, produces cars and engines. Geared to full capacity after the completion of phase 2, the plant will be able to produce 150,000 cars per year, tripling the present capacity. The project will create 3,000 jobs, as much as 90 percent of which will go to Brazilians, said Chery.

Chery has also set up 75 car sales and service centers in Brazil in addition to a research center to be built with an input of 22.3 million dollars.

Localization is making Chinese carmaker pioneers thrive in production capacity cooperation between China and Latin America.

Brazil, as the world's fourth-largest automobile market and the sixth-largest auto manufacturer, has attracted the General Motors of the Unites States, among other carmakers, to come and open plants.

Chery, founded in 1997, exported 110,000 units last year, marking its 12th consecutive year as China's biggest exporter.

"Chery and many other leading Chinese companies are enlarging their investment in Brazil in line with their optimism about the latter's economic growth and confidence in bilateral cooperation," Chinese Ambassador to Brazil Li Jinzhang noted.

During his ongoing four-nation tour to Brazil, Colombia, Peru and Chile, Chinese Premier Li Keqiang has signed a series of agreements to boost production capacity cooperation with Latin America.

Collaboration in the auto industry is one of the fields highlighted in the deals.

Data show that among the 51 car brands on the Brazilian market, 12 are from China, including Chery, JAC, Geely and Lifan. And Chinese carmakers are increasing their presence in other Latin American countries as well.

Chinese bus maker Yutong is expected to open a plant in Venezuela in October, with an assembly capacity of 3,500 units a year, as part of the Venezuelan government's efforts to improve nationwide transportation.

Now used in at least 90 Venezuelan cities, an estimated 2,400 Yutong buses are carrying 2 million people every day.
 
.
China's ICBC, Brazil's Caixa to start $50 billion fund -sources

BRASILIA May 13 Caixa Econômica Federal, Brazil's top mortgage lender, and the Industrial and Commercial Bank of China Ltd (ICBC) will create a $50 billion fund for Brazilian infrastructure investments, two government sources with knowledge of the plans said on Wednesday.

The fund will be financed entirely by the ICBC, but both banks need to set up the regulatory framework to decide on the projects, said the Brazilian sources, who requested anonymity because the plan remains private. The plan will be formally announced when Chinese Premier Li Keqiang visits Brazil next week, they added.

Caixa and ICBC will sign a memorandum of understanding during Li's visit in which the main terms for the fund will be outlined, the sources said.

The governments agreed the fund will finance a railway link from Brazil's Atlantic coast to the Pacific Ocean in Peru as a way to reduce the cost of exports to China, said one of the sources. The fund will also finance a joint-venture to produce steel in Brazil.

In January, Chinese President Xi Jinping pledged $250 billion in investment in Latin America over the next 10 years as part of a drive to boost resource-hungry China's influence in a region long dominated by the United States.

Last year, China and Brazil agreed $7.5 billion in financing for Brazilian miner Vale SA, and the purchase of 60 passenger jets from planemaker Embraer SA.

Caixa declined to comment. Efforts to obtain immediate comment from Brazil's Foreign Ministry were unsuccessful. (Reporting by Alonso Soto and Guillermo Parra-Bernal. Editing by Andre Grenon)

China's ICBC, Brazil's Caixa to start $50 billion fund -sources| Reuters
 
.
China is laying a strong foothold in Latin America, based on economic cooperation and development. That's a quite a different treatment from the one they received when their giant neighbor in the North was all powerful and used to bring down governments and install dictators as easily as buying lottery from the Walgreen's. Times has changed and the US has so far failed to stop, destabilize or derail the progressive governments in the South. While the US challenges China in the SCS by militarizing the area, China is challenging the US through development efforts in its south. We will see which one will prevail.
 
.
now we begin to play at america's backyard,good. next step is to send our fleet and submarine.
 
.
Cultural exchange to usher in new era of China-LatAm sustainable cooperation

2015-05-31
By Zhao Hui, Zheng Jiandong, Mao Pengfei

BEIJING/MEXICO CITY, May 30 (Xinhua) -- Chinese Premier Li Keqiang's recent fruitful four-nation tour of Latin America has raised bilateral cooperation to a higher level.

Li's busy schedule featured two cultural events, in Colombia and Peru respectively, underlining the importance the Chinese government attaches to bilateral cultural exchanges.

Wu Changsheng, director of the Latin American Studies Center at the China Foundation for International Studies, said that cultural exchanges between the two sides have been lacking, but goodwill exists among governments and peoples to increase mutual understanding.

COLOMBIA: LITERATURE AS A BRIDGE

During his day-long visit to Colombia, Li and Colombian President Juan Manuel Santos presided over a symposium on China-Latin America cultural exchange to promote the interchange of contemporary literature between the two distinct cultures.

China's delegation to the conference featured Mo Yan, a winner of the Nobel Prize in literature, and Mai Jia, a Chinese writer who has sold the most books translated into Spanish. Representing Colombia were poet Horacio Benavides and author Santiago Gamboa.

Li has proposed that China and Latin America strengthen not just material but also spiritual cooperation, and rely on the power of literature to achieve heart-to-heart communication.

He called on writers and artists from both countries to increase interchange and dialogue to learn more about each other and help deepen cooperation for mutual benefit.

Mo, for example, paid tribute to famed Colombian-born author Gabriel Garcia Marquez, who had a profound impact on contemporary Chinese literature during the 1980s.

Benavides, meanwhile, recited poems from an anthology of Chinese poets, such as Li Bai, one of the most renowned poets of the Tang Dynasty (A.D. 618 - A.D. 907).

Through their unique stories and styles such as magic realism in the case of Colombia and other Latin American countries, the literary works of one civilization can serve to spread knowledge and understanding among other distant and distinct cultures, and to highlight cultural similarities.

In recent years, a host of contemporary works of Chinese literature have been translated into Spanish and are available at bookstores throughout Latin America, making Chinese works much more accessible to Latin American audiences.

Colombia has a great appreciation for China's time-honored civilization, which dates back to some 5,000 years ago, said Santos, adding he is confident that the two peoples will increasingly consolidate their mutual understanding through cultural exchanges.

PERU: ANCIENT CIVILIZATIONS, MODERN CONNECTIONS

In Peru, the third leg of his tour, Li inaugurated an exhibit titled "Encounter between Chinese and Latin American Civilizations," which featured ancient pre-Incan and Incan artifacts alongside images of early Chinese civilization.

Such exhibits can serve to foster an interest in learning about each others' civilizations, Li said.

Carmen Carrasco, director of Lima's National Museum of Archaeology, Anthropology and History (MAAH), noted Li's great interest in artifacts about the historical evolution of Peru's indigenous civilizations, including a stone relic from the pre-Incan Chavin and woven textiles from the Paracas.

"Chinese Premier Li Keqiang's presence in this emblematic venue is very important," Carrasco told Xinhua, as it shows the Asian country is interested "not just in economic matters, but in deepening cultural knowledge, which is essential to bilateral exchanges."

Carrasco noted the affinities between the early Chinese and pre-Incan civilizations, saying "there is a symbiosis between the two sides" due to "similarities found in stone relics, the rational use of water, agriculture, and other areas."

Meanwhile, across the globe an exhibit of contemporary Latin American art was under way in Beijing, bringing scenes of the region's landscape, historical traditions and multiculturalism to Chinese viewers.

Organizers of the exhibit, held under the banner "Sharing Beauty," hoped that the exhibit will serve to strengthen cultural exchanges between China and Latin America, and promote goodwill between the two peoples.

CHINA-LATIN AMERICA: MUTUAL UNDERSTANDING

In the past decade, trade between China and Latin America boomed, with the two-way volume growing by 20 times.

Still, the lack of mutual knowledge about each others' history, culture and society is becoming increasingly incompatible with the rapid growth in trade and investment, and could present a disincentive to expanding cooperation.

In 2014, China proposed rebuilding bilateral ties on five main pillars, including raising mutual awareness about each others' civilizations, in addition to political and economic cooperation.

As part of that strategy, China plans to offer 6,000 scholarships for Latin American students to study in China for the 2015-2019 period, and invite another 6,000 Latin Americans to take training courses, and an additional 400 candidates to take part in postgraduate courses.

China also plans to launch this year a program called "Bridge towards the Future," which is designed to train some 1,000 young Chinese and Latin American students. Meanwhile, the year of 2016 will be designated as the Year of China-Latin America Cultural Exchange.

Wu Baiyi, director of the Latin America Institute at China's Academy of Social Sciences, pointed out that restructuring bilateral ties and calling for stronger cultural connections show the Chinese government's intention to overcome cultural obstacles as it continues to expand practical bilateral cooperation to new areas.

Cultural exchange is an intrinsic part of the process of modernizing ties between China and Latin America, and of deepening mutual understanding to strengthen the foundation for sustainable and fruitful cooperation, said Wu.

Enrique Garcia, president of the Development Bank of Latin America, known by its Spanish acronym CAF, echoed Wu on the importance of cultural exchanges.

"To have a fruitful relationship in the long term, you have to look at the whole picture. The Chinese should know the Latin Americans and the Latin Americans should know the Chinese, and they should better understand their cultural differences," Garcia said.

During a speech to the cultural symposium held in Colombia, the Chinese premier expressed his hope that peoples of both sides will increase cultural exchanges and heart-to-heart communication, so that the trees of cooperation can bear more fruit in the fertile soil of friendship.

"A ship's strength is in its sails, and a man's strength is in his heart," said Li.

Related:

Spotlight: Li's visit inspires fresh modes of China-LatAm cooperation


SANTIAGO, May 29 (Xinhua) -- Chinese Premier Li Keqiang's just-concluded Latin American tour inspires fresh modes of China-LatAm cooperation while ushering in a new era South-South cooperation, Chinese Foreign Minister Wang Yi has said.

The Chinese premier's tour of Latin America further promotes the China-LatAm comprehensive strategic partnership, Wang told reporters following the conclusion of Li's visit to Chile, the last leg of his four-nation trip, which also took him to Brazil, Colombia and Peru.Full Story

Spotlight: Increased cooperation is boon to China, LatAm development

BUENOS AIRES, May 26 (Xinhua) -- Increased cooperation between China and Latin America is a boon to both sides.

Chinese Premier Li Keqiang's just-concluded four-nation tour of Latin America, which took him to Brazil, Colombia, Peru and Chile, has greatly enhanced bilateral cooperation in various field
 
.
Panama Canal Expansion to Boost China-LatAm Infrastructure Cooperation
July 15, 2015

FOREIGN201507150531000086603557872.jpg


Personnel of the Panama Canal's Authority perform works of routine maintenance of the west chamber of the floodgatesof Miraflores locks of the Panama Canal, in Panama City, capital of Panama, on August 29, 2014. (Xinhua/MauricioValenzuela)

PANAMA CITY, July 14 (Xinhua) -- The expansion project of the Panama Canal will createmore opportunities for the cooperation on infrastructure between China and LatinAmerica, a Chinese official said Monday.

The canal, which was built 101 years ago, is undergoing an expansion project of 5 billion U.S. dollars to allow larger modern vessels to go through.

Upon its completion in 2016, the canal will be able to accommodate so-called Post-Panamax ships that are larger than Panamax ships, which is important for trade between the Americas and Asia.

A Panamax ship, determined principally by the dimensions of the canal's lock chambers, is no more than 300 meters long, no more than 33 meters wide and has a draft no more than 12 meters deep.

Ports in the Caribbean countries and other Atlantic coastal nations will therefore need to update their facilities to receive bigger vessels, which will provide new opportunities of construction projects for Chinese companies, said Wang Jian, deputy representative of the Chinese Commercial Development Bureau in Panama.

In the Cologne harbor on the Atlantic side of the canal, a wharf expansion project constructed by China Harbor Engineering Company (CHEC) is about to complete. The company is preparing for the bidding for another wharf expansion project on the Pacific side, said Wang.

The canal will be equipped with new and larger chamber locks, which enable large liquified natural gas carriers and oil tankers to pass through. The administration is working on a feasibility study on new docks and facilities for those vessels, according to Panama Canal Administrator Jorge L. Quijano.

As a strategic passage for international shipping, the Panama Canal also faces competition from the Nicaragua Canal, now under construction, which will serve super-sized ships.

The Panama Canal Authority has invited the CHEC to participate in the construction of the fourth set of chamber locks, according to Wang Weihua, representative of the Chinese Commercial Development Bureau in Panama.

"We are studying on the possibility of our participation in all Canal projects, especially in the design, construction and financing of the fourth set of chamber locks," CHEC Chairman Mo Wenhe said.

The canal contributes about 1 billion dollars a year to the Panamanian government through transit fees. China now is the second largest user of the canal, following the United States.

After the expansion, the shipping cost from China to the eastern coast of the United States will be lowered, according to the Panama Canal Authority.
 
.
Panama Canal is done for if Nicaragua Canal is built
 
.
China, Latin American Ties to Weaken US Influence in New Multipolar World / Sputnik International

1021113876.jpg


30.07.2015

China and Latin America are developing a new bilateral approach based on trade and investment.

China has become an essential source of growth for Latin America. The value of bilateral trade grew 22 times between 2000 and 2014. Last year, two-way trade hit 263.6 billion US dollars and China's investment in the region also went up to more than 80 billion dollars.



1022164008.jpg

China to Allocate $50Bln to Brazil for Infrastructure Projects - Deputy FM

Six months ago Beijing held a two-day forum with the leaders of the Community of Latin American and Caribbean States (CELAC in Spanish), a 33-country bloc. During the forum the Chinese President Xi Jinping pledged that Chinese direct investment in Latin America would reach $250 billion over the next decade while predicting that annual bilateral trade could hit $500 billion, reports Strategic Culture.


This business alliance has also contributed to the political change in China-Latin America ties. Countries like Brazil, Chile and Peru, represent most of South America and China makes up their first commercial partner.

As for Latin America as a whole, China is its second commercial partner, slightly behind the US. Even Central America and the Caribbean which just decades ago were within the grip of US hegemonic influence are now recognizing Beijing as their closest ally in Asia.

Likewise, as some SCO member partners do, several South American countries are replacing the US dollar in bilateral trade by using their local currencies and the Chinese yuan.

The most recent agreement signed in May, between Chile and China established that Chile's central bank and the People's Bank of China are clearing a path for the use of the Chinese yuan in South America, including a swap agreement about to facilitate exchanges of a maximum of 2.2 trillion pesos ($3.6 billion) for three years.

Furthermore, Chinese president Xi Jinping has proposed increased connectivity between BRICS and South America. Ufa’s BRICS declaration in July 2015 proclaimed that New Development Bank (NDB) “shall serve as a powerful instrument for financing infrastructure investment and sustainable development projects in the BRICS and other developing countries and emerging market economies.”

Xi also proposed NDB’s close cooperation with financing mechanisms such as the Asian Infrastructure Investment Bank (AIIB).

Whether Beijing has the intention to compete with Washington for a greater sphere of influence in the South American region remains unclear but unavoidably it will significantly weaken the US influence in the subcontinent.



Read more: China, Latin American Ties to Weaken US Influence in New Multipolar World / Sputnik International
 
. . .
China, Latin American Ties to Weaken US Influence in New Multipolar World / Sputnik International

China has become an essential source of growth for Latin America. The value of bilateral trade grew 22 times between 2000 and 2014. Last year, two-way trade hit 263.6 billion US dollars and China's investment in the region also went up to more than 80 billion dollars.

Six months ago Beijing held a two-day forum with the leaders of the Community of Latin American and Caribbean States (CELAC in Spanish), a 33-country bloc. During the forum the Chinese President Xi Jinping pledged that Chinese direct investment in Latin America would reach $250 billion over the next decade while predicting that annual bilateral trade could hit $500 billion, reports Strategic Culture.

This business alliance has also contributed to the political change in China-Latin America ties. Countries like Brazil, Chile and Peru, represent most of South America and China makes up their first commercial partner.

As for Latin America as a whole, China is its second commercial partner, slightly behind the US. Even Central America and the Caribbean which just decades ago were within the grip of US hegemonic influence are now recognizing Beijing as their closest ally in Asia.

Likewise, as some SCO member partners do, several South American countries are replacing the US dollar in bilateral trade by using their local currencies and the Chinese yuan.

The most recent agreement signed in May, between Chile and China established that Chile's central bank and the People's Bank of China are clearing a path for the use of the Chinese yuan in South America, including a swap agreement about to facilitate exchanges of a maximum of 2.2 trillion pesos ($3.6 billion) for three years.

Furthermore, Chinese president Xi Jinping has proposed increased connectivity between BRICS and South America. Ufa’s BRICS declaration in July 2015 proclaimed that New Development Bank (NDB) “shall serve as a powerful instrument for financing infrastructure investment and sustainable development projects in the BRICS and other developing countries and emerging market economies.”

Xi also proposed NDB’s close cooperation with financing mechanisms such as the Asian Infrastructure Investment Bank (AIIB).

Whether Beijing has the intention to compete with Washington for a greater sphere of influence in the South American region remains unclear but unavoidably it will significantly weaken the US influence in the subcontinent.
 
.
China can weaken US influence by becoming a more important:

Trade partner (especially a market).
Direct investor.
Portfolio investor.
Financier (bank loans, bond market).
Use domestic currency.
Technology provider.
Weapons provider.

Do that and you will weaken US influence.
 
.
Six months ago Beijing held a two-day forum with the leaders of the Community of Latin American and Caribbean States (CELAC in Spanish), a 33-country bloc. During the forum the Chinese President Xi Jinping pledged that Chinese direct investment in Latin America would reach $250 billion over the next decade while predicting that annual bilateral trade could hit $500 billion, reports Strategic Culture.

Bloc politics is important. At times, it is more important than bilateral diplomacy. China is doing right by addressing Latin America as a bloc as well as individually. This will empower them and reinforce their capability to stand against US covert and overt regime change and other destabilization plots.

As for Latin America as a whole, China is its second commercial partner, slightly behind the US. Even Central America and the Caribbean which just decades ago were within the grip of US hegemonic influence are now recognizing Beijing as their closest ally in Asia.

China will become the largest partner in no time.

Whether Beijing has the intention to compete with Washington for a greater sphere of influence in the South American region remains unclear but unavoidably it will significantly weaken the US influence in the subcontinent.

Intentions are up for grabs. Speculative. What matters is actual policy; what is going on on the ground. Form this aspect, China does indeed seek a greater say and weight in the Latin American development.
 
.

Pakistan Affairs Latest Posts

Back
Top Bottom