Tag: Commerce

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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Chirey, the new car brand coming to Mexico

Chirey, a Chinese car brand, is traded on international markets including Argentina, Chile, Peru, and Brazil, and is looking to expand into the Mexican market.

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Xiaomi opens its largest store in Central America, in Costa Rica

Xiaomi opened its largest store in Central America, a 400-square-meter store in downtown San José, on November 5. Investment in the store, which stocks smartphones and other electronic devices such as watches, screens, headphones, scooters, robot vacuum cleaners, etc., amounted to more than US$1 million.
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Argentina, Colombia, and Cuba participated in the 8th China International Import Expo.

The China International Import Expo (CIIE) is an annual event held in the People’s Republic of China to enable traders from all over the world to promote their products in order to establish trade in the Asian’s country’s market. The eighth version of the Expo took place in Shanghai, on November 5 – 10 this year.
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XIV China – Latin America and the Caribbean Business Summit

The annual XIV China-Latin America and the Caribbean Business Summit, first held in 2007, was held this year on November 16 and 17, in the city of Chongqing. The Summit connected Chinese and Latin American businesspeople in a context of economic cooperation.
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Container crisis: Affectations in Peru

The cost of exports from Asia has increased by 50% in Peru in the short term. From China to Callao, Peru’s most important port, they have increased up to five times their value compared to before the pandemic: according to the Peruvian Association of Port Operators (Asppor), freight rates have increased from US$2,000 to US$10,000.
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