Premier lifts profile of China in Latin America
Experts in the US applauded Chinese Premier Li Keqiang’s current visit to four Latin American countries as a significant step in boosting bilateral trade and investment ties.
“Premier Li’s trip is very important,” said Eric Farnsworth, vice president of the Council of the Americas. “It signifies a continued, growing Chinese interest in Latin America, not just in terms of trading commodities but also in terms of investment in infrastructure.”
Farnsworth sees Li’s trip as a follow-up on the commitment President Xi Jinping made in January to invest $250 billion in Latin America over the next 10 years.
Latin America needs significant infrastructure, having underinvested for many years, while China has investment capital and expertise, as well as a desire to penetrate new markets, given a slowing domestic Chinese economy, he said.