Category: News

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

Chinese brands lead the Peruvian automotive market with a 20.1% market share: Changan stands out as the leader.

Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units during this period and commanding a 5.4% market share. Notably, Changan has witnessed an impressive growth of +64.5% compared to the previous year.Chinese brands are making significant strides in the Peruvian automotive market, capturing a 20.1% share of light vehicle sales between January and May 2023. Leading the pack is Changan, which has emerged as the standout player, selling 3,957 units during this period and commanding a 5.4% market share. Notably, Changan has witnessed an impressive growth of +64.5% compared to the previous year.

China manufactures renewable energy train for Argentina

One of China’s leading high-speed train manufacturers, CRRC Tangshan Co., has successfully manufactured the first renewable energy light rail train for Argentina. The train will be used in the transportation system of the Jujuy province in Argentina as part of the country’s railway modernization plan.

Bolivia and Chinese Consortium agree to increase investment to millions of dollars for lithium projects

According to information from the Ministry of Hydrocarbons and Energy of Bolivia, the Chinese consortium Catl Brunp & CMOC (CBC) has increased its investment commitment to $1.4 billion for the construction of two lithium production plants in the Uyuni and Coipasa salt flats. This investment marks a milestone in Bolivia’s energy history and solidifies the country as a reference in lithium industrialization.

China will install a spy base in Cuba according to the Wall Street Journal

The regimes of China and Cuba have reportedly signed an agreement to build a large spy center on the Central American island, raising concerns in the United States over the potential expansion of Chinese intelligence activities in the region.

Venezuela and China strengthen cooperation in infrastructure projects

The Venezuelan government actively participated in the 14th Forum on Infrastructure and Construction Investment in China, aiming to attract new investments to the sector. Led by Minister of Transportation Ramón Velásquez, the Venezuelan delegation engaged with representatives from over 60 countries and leading construction companies. The Venezuelan government actively participated in the 14th Forum on Infrastructure and Construction Investment in China, aiming to attract new investments to the sector. Led by Minister of Transportation Ramón Velásquez, the Venezuelan delegation engaged with representatives from over 60 countries and leading construction companies.

Xiomara Castro lands in Shanghai following the inauguration of China’s embassy in Honduras

China inaugurated its embassy in Honduras following the establishment of diplomatic relations in March, while also announcing that Honduran President Xiomara Castro will travel to Beijing. The opening ceremony took place in a hotel ballroom in Tegucigalpa, as Beijing has not yet determined the location for its diplomatic mission. Likewise, Honduras has not determined the location of its embassy in Beijing.

China advances in its commitment to boosting the railway sector in Argentina

During a working tour in China, Argentina’s Minister of Transportation, Diego Giuliano, made significant progress in enhancing the country’s railway sector. Agreements were signed for future investments in the railway field, with particular emphasis on the Belgrano Cargas Railway Rehabilitation Project. This project, which involves an investment of $816 million, aims to acquire new wagons, locomotives, and repair existing vehicles.

Peru to expand its presence in the Chinese agricultural market

The Minister of Agricultural Development and Irrigation, Nelly Paredes del Catillo, held a meeting with her Chinese counterpart, Tan Renjian, the Minister of Agriculture and Rural Affairs of the People’s Republic of China. During the meeting, they discussed matters of mutual interest and emphasized the need to strengthen the trade ties between the two countries.

Nicaraguan Government Promotes Transportation Modernization with the Acquisition of 500 Buses from Chinese Company Yutong

The Nicaraguan government has entered into an agreement with the Chinese company Yutong to purchase 500 brand-new buses. This agreement comes as part of the Sandinista government’s efforts to strengthen and enhance urban and rural transportation across the country.

Chinese companies express interest in investing more in Colombia

The largest Chinese companies operating in Colombia have expressed their keen interest in increasing their investments in the country. During a meeting in Bogota with representatives from various ministries and government entities, discussions revolved around the potential for Chinese companies to contribute to the peace-building efforts in areas affected by the armed conflict in Colombia.
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