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Home Latest News Latest Where is China investing in Latin America?

Where is China investing in Latin America?

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Peru is China's top target

The Chinese Vice Minister of Commerce said on 22 April 2010 that Peru is the principal destination of Chinese investment in Latin America. China currently has US$ 1.4 billion in investments in Peru, including a US$ 703 million investment in Peru Copper. Peruvian exports to China in the first two months of 2010 stood at US$785 million compared to US$ 746 million in exports to the United States. A free trade agreement between the countries entered into effect on March 1.



On 21 April 2010 China National Petroleum Corporation (CNPC) announced a US$ 900 million bonus payment to Venezuela for allowing it to explore in the Orinoco Belt. A Russian consortium has paid US$ 600 million of its promised 1 billion to explore the Junin 6 block in the Orinoco.



Last Updated on Tuesday, 27 April 2010 16:06  
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