Latin America's trade deficit with China jumped to 6.6 billion dollars last year from only 150 million in 2011, according to an analysis by online publication Latinvex based on new data from the IMF. Total trade between China and Latin America grew 8% last year to 255.5bn which means the region’s trade with China is growing faster than with the United States, 6.2%. Read full article
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Disclaimer & comment rulesAnd now it begins in earnest.
May 22nd, 2013 - 06:27 pm - Link - Report abuse 0If anybody doubted that the Chin would own SA in the long term they had better look away now: the road roller is coming!
If Uruguay is anything to judge by most of the Chinese stuff is cheap and absolute junk, clothing especially. Why they bother importing it is beyond me, they have much better locally produced items at slightly more in cost but they do last many times over.
That is the problem though, I suspect that many Uruguayo think price is everything and cannot understand that paying slightly can be much better value. That is certainly the case with local builders and you have to keep your eyes on what they are doing, because they don’t.
I am very fortunate that I have found a guy I can trust and a barraca (builders merchants) who not only speak excellent English but allow me to run an account that the builder can draw on until the project is finished.
Uruguay & Paraguay are inverted at the picture..assholes!!
May 22nd, 2013 - 09:44 pm - Link - Report abuse 0Key in these statistics is to understand the whats and the hows of the China´s equation in the the region: what does China buy from our countries? it´s mostly raw materials, crops, minerals and metals. What does China sell in Latam? mainly consumer goods, added-value manufactured products, electronics. It´s a colonial relationship with China, they have the upper hand on this trade relationship to their very advantage. This is a disgrace when Latam nations should be focusing on producing higher-valued products to export to the US and Europe and compite versus China, South Korea and other countries quickly industrializing at the expense of resource-rich nations like Brazil.
May 23rd, 2013 - 12:43 am - Link - Report abuse 0If it was the democratic US, it would be modern-day colonialism/imperialism/neoliberalism/fascism/satanism. But with buddy dictators in China is called trade, partnership whatever. LOL
May 23rd, 2013 - 02:43 am - Link - Report abuse 0What, no sign of argieland? Oh, I forgot. In the UK, China's goods are generally viewed as cheap. But argieland can't afford them!
May 23rd, 2013 - 10:08 am - Link - Report abuse 0In a brilliant new financial move, argieland will soon be borrowing money from China. So that it can buy goods from China! How does she come up with these fantastic ideas?
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