Foreign exchange trading facilities between Argentina and the People’s Republic of China

The President of China, Xi Jinping, met with Argentine President, Alberto Fernández, on November 15, on the occasion of the G20 summit in Bali. The leaders agreed to extend a foreign exchange agreement for US$ 5 billion.

Manufacturing of Sinovac Vaccines in Chile

At the end 2021, Sinovac Biotech announced plans to build a vaccine production plant in Chile. The plant,is expected to be ready by 2023.

Chinese company involved in corruption cases confirmed irregular business dealings in road tenders.

China Harbour Engineering Co. (CHEC) reported having found irregularities in the bribery case involving the Bolivian Highway Authority (ABC), which led to the dismissal of the company’s general manager, Jin Zhengyuan.

Chinese incursion into Colombian infrastructure

This month has brought a high level of activity in the development of PRC companies in Colombia.

The Tarot Club

The Tarot Club is a group of Chinese companies, located in Peru, that used an illegal service in order to obtain public bids.

Chinese company reportedly bribed officials of the Bolivian Highway Administration

A pro-government congressman denounced a Chinese company for a millionaire bribe to officials of the Bolivian national road entity.

Huawei announces cloud expansion in Latin America

The Chinese tech company Huawei announced the expansion and improvement of its cloud business in Latin America, to boost digital transformation and development in the region.

Argentina seeks new investments in the People’s Republic of China with its own mining model

Sabino Vaca Narvaja, Argentina’s current ambassador to China, stated at the China Mining fair that the Argentine government’s objective is for the country “to have its own mining model, with clear rules, predictability and legal security for large long-term investments from China.”

The latest on InaPapers

The ongoing investigation by the Ecuadorian authorities has led to the raid of the offices of Coca Codo Sinclair, a hydroelectric plant built in Ecuador. The construction of this plant involved Sinohydro, a Chinese state-owned company.

Former Minister Batakis signs agreement to finance dams in Santa Cruz province

Silvina Batakis, former Argentina’s Minister of Economy, signed a document in the province of Santa Cruz that reactivated the financing of two dams: Néstor Kirchner and Carlos Cepernic.

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