Driven by demand for the commodities needed to fuel its fast-growing economy, China has successfully built strong commercial and investment relationships with Latin America over the last decade.
Partner
Diaz Reus & Targ
Despite the global economic downturn, China continues to invest billions of dollars in Latin America through investments, loans, acquisitions and currency swaps. These ever-growing ties between China and Latin America are likely to have significant consequences for the entire global economy.
China’s objective is to maintain its economic growth while conserving energy and national resources. China currently relies on imports for 50% of its 7.6 million barrels per day of oil consumption. As a result, China is looking to Latin America to supplement its supplies from the Middle East, Africa and Asia.
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Robert Lee is a partner and Gerardo Rodriguez-Albizu is an associate attorney with Diaz Reus & Targ
Kerry Centre, 29th Floor 1515 W. Nanjing Road
Shanghai, China
Postal code: 200040
Tel: +86 21 61037435
Fax: +86 21 61037439
Email: info@diazreus.com
