Category: News

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

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.
Fundación Andrés Bello

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).

Fundación Andrés Bello

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.

Fundación Andrés Bello

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.

Fundación Andrés Bello

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.
Fundación Andrés Bello

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.
Fundación Andrés Bello

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.
Fundación Andrés Bello

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.
Fundación Andrés Bello

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.
Fundación Andrés Bello

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.
Fundación Andrés Bello
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