Given the size of Latin America, it is impossible to paint it all with a single brush, says Stirling Leech, a partner at Clyde & Co which has partners in Brazil and offices in Hong Kong and China.
“Latin America should be viewed as a region, and not simply as a collection of countries,” says Vincent Li of Diaz Reus & Targ. “There are variations within the region, and some countries may have specific advantages.”
Brazil was the biggest recipient of Chinese foreign direct investment in the region last year, accounting for 78% of the total US$13.3 billion, according to an Economist Intelligence Unit estimate. Peru accounted for 4% while Mexico and Venezuela represented 1% each.
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