Tag: Commerce

The Chinese company CATL is looking for sites to install a factory in Mexico

Contemporary Amperex Technology Co. Limited (CATL) is a Chinese technology company that was founded in 2011. It is the world’s largest manufacturer of batteries and storage systems for electric vehicles. The company is analyzing sites in Mexico to install a US$5 billion plant to supply the demand it faces.
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China listed as the main destination for Peruvian exports in February 2022

According to Idexcam data, Peruvian exports to the People’s Republic of China in the month of February 2022 reached US$4,595 million, representing an increase of 7% over the same period in 2021.  Thus, China is the main destination for Peruvian exports valued at a total of US$1,264 million.

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Cuba joins Chinese e-commerce platform

Cuba will sell products through the Chinese e-commerce platform JD WorldWide, one of the most important e-commerce platforms in China, along with Alibaba, Taobao, and Sunning, among others.

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China: the main buyer of Uruguayan beef

Over the years, the records of the exchange of goods and services between Uruguay and the People’s Republic of China (PRC) have shown a positive balance of trade. Beef accounted for the largest share.

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Chile will be one of China’s main cherry and grape suppliers by 2021

Data recently published by the China Chamber of Commerce indicate that, in 2021, the Asian country imported 7.03 million metric tons of fruit, among which grapes and cherries from Chile stood out
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Chinese solar energy company to increase its commercial relations with Latin America

Chinese company Ginlong Technologies (Solis) announced that in 2022, it will expand its presence in Latin America by opening offices in Argentina, Chile, Peru, and the Dominican Republic as new markets for its clean energy generation products.

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Great Wall Motors and its investment in the Brazilian market

Following Great Wall Motors (GWM) official launch in the Brazilian market, the Chinese brand announced that it will invest some R$10 billion (US$1.85 billion) in Brazil to produce hybrid and electric vehicles.
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Opening of the Mexico-China Forum 2022: Recovery in Action

During the inauguration of the Mexico-China 2022 Forum: Recovery in action, Cora Cecilia Pinedo Alonso, the chair of the Asia-Pacific-Africa Foreign Relations Commission, said that because of the various crises resulting from the pandemic, Mexico and China are seeking financial recovery through promotions and increased free trade between the two nations to create new areas of opportunity for foreign investment.

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Progress in Peru’s exports to the Chinese market

PromPerú reported that actions to promote Peruvian coffee in the Chinese market have been carried out through trade offices abroad. This process started in 2018 through reverse missions to Peru, where samples, coffee tastings, seminars, and live broadcasts were presented to the public. As a result, Peruvian coffee shipments to China increased significantly from USD $486, 329 in 2018 to USD$1.7 million in 2021.

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Mexico-China trade reaches record $100 billion in 2021

During a session at the Mexico-China 2022 Forum: Recovery in action, the embassy’s Counsellor for Economic, Commercial and Promotional Affairs, Santiago Toledo, stated that the relationship between Mexico and China has been deepening in recent years, and assured that by 2022, all trade records between the two countries will be broken.

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