Category: News

News related to the Sino- Latin American and the Caribbean relationship.

Nicaragua participates in global development forum held in China

A delegation from Nicaragua attended a high-level development conference in China, organized by the China Cooperation Agency. Key members of the Nicaraguan administration represented the country. The presidential advisor for investment, trade, and international cooperation, along with the Minister of Finance and Public Credit, met with Lou Zhaouhui, the president of the hosting agency, to strengthen ties.

China and Russia seek lithium exploitation opportunities in Bolivia

The state-owned company “Yacimientos de Litio Bolivianos” (YLB) has signed an agreement worth 1.435 billion dollars with the Chinese giant Citic Guoan and Russia’s Uranium One Group. They aim to produce and export approximately 50,000 tons of lithium per year starting from 2025.

Concern over the installation of a Chinese espionage base in Cuba

Latin America is on alert due to the alleged recent installation of a Chinese espionage base in Cuba. This has sparked concerns in the region about potential implications for security and geopolitical balance, given the ideological proximity of most Latin American countries to the United States.

China-Colombia Relations: China seeks to strengthen collaboration with Latin American country

As reported in the article by Sabinna Nicholls, China’s presence in Latin America’s economy has grown significantly in recent decades, with the country emerging as a major player. In just one year, China’s direct investment in Colombia tripled, going from USD $84 million in 2021 to USD $266 million by the end of 2022, as reported by the Banco de la República de Colombia (BRC).

Colombia could be affected by the new dynamics of the trade war between China and the U.S.

The United States and China announce trade measures that could impact global supply chains and have repercussions on the configuration of the world economy, including Colombia. Tensions between these countries have escalated with economic sanctions and retaliatory trade measures between them.

Slight growth in Argentina’s economy with China as its main ally

Amidst the scarcity of dollars, Argentina is exploring alternatives to pay for imports. One of these solutions involves reaching an agreement with China to pay for technological components in yuan. This move aims to avoid shortages of parts for the Argentine industry and also extends China’s influence in Latin America.

Thirty Chinese migrants rescued in their attempt to cross from Colombia to Panama

On July 4th, the Colombian Navy rescued 30 Chinese migrants, 4 women, and 26 men near Cabo Tiburón in the department of Chocó. This happened as they were attempting to cross into Panama. The suspicious vessel was intercepted by Colombian authorities in the Gulf of Urabá. The Chinese citizens were placed under the custody of the Migration Colombia office.

Bogotá Metro: Chinese consortium argues unconsidered variables and will appeal the penalty

The Chinese consortium responsible for the construction of the first line of the Bogotá Metro has announced that it will appeal the penalty imposed by the district, which amounts to 812 million pesos due to delays in the delivery of detailed designs.

Cuban medicine for pancreatic cancer receives approval from China

China’s National Medical Products Administration, the main regulatory body in the sector, has approved the commercialization and use of the Cuban humanized monoclonal antibody Nimotuzumab for the treatment of pancreatic cancer. The decision is based on positive results from clinical studies, the drug’s efficacy in inhibiting the growth of malignant cells, and its successful use since 1998 in Cuba and other countries.

Perú and China strengthen their relationship as strategic partners in various bilateral aspects

Various aspects related to commercial cooperation between Peru and China were highlighted during an event at the Peruvian Congress. The meeting, led by congresswoman Silvia Monteza Facho and with the participation of Chinese Ambassador Song Yang, emphasized the longstanding cultural and economic exchange between the two countries.
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