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Latin America-China relations in 2021: Opportunities, risks, and recommendations
Wed, Dec 16, 2020 5:00 PM
An insightful conversation on the road ahead for Latin America-China relations in 2021, as well as the launch of our latest report on China.
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As Latin America and much of the world reel from a prolonged economic crisis, China is set to become the only major economy with positive growth in 2020. Trade flows between China and Latin America held steady this year, with Brazilian and Argentine exports to China growing and even notching records. Has China emerged from 2020 as a more relevant commercial partner for Latin America? Looking to 2021, how might China-Latin America relations evolve? What can regional businesses an
Dealmaking with China amid global economic uncertainty: Opportunities, risks, and recommendations for Latin America and the Caribbean In-Depth Research & Reports by Sergio Ley López and Salvador Suárez Zaizar
Introduction
The COVID-19 pandemic is exerting extraordinary pressure on Latin American and Caribbean economies with reverberations that will be felt for years to come. October estimates point to a 8.1 percent contraction of regional GDP this year, accompanied by a 23 percent reduction in exports. Between January and May, Latin American and Caribbean exports to most destination markets saw sharp decreases, including to the United States (-22.2 percent) and the European Union (EU) (-14.3 percent). However, China the first major economy to recover from the pandemic appeared to be an exception (-1.2 percent). As Latin America looks to rebuild from the pandemic, the trajectory of its b