Investigations targeting Chinese companies that built hospital in Puno, Perú

In the case of the construction of a hospital in the city of Puno, Peru, China Weihai Construction Group Co Ltd. and China Railway No10 Engineering Group Co Ltd. are being investigated for allegedly obtaining the bid through certain illicit actions.

Argentine brand to be installed in the People’s Republic of China through soccer and dairy products

The Argentina brand went a step further and landed in the People’s Republic of China (PRC) through soccer with a firm objective: to maximize trade and fully promote Argentine products in the Chinese market.

Peruvian communities, government, and MMG Ltd. sign truce to restart operations at Las Bambas

After several weeks of conflict at the “Las Bambas” copper mine, on June 9, the indigenous communities agreed to temporarily suspend their protest in order to guarantee the resumption of operations at the mine.

China Railway requests new financing model for Amaila Falls hydroelectric project

China Railway has advised the government of Guyana that it cannot enter into a Build Own Operate Transfer (BOOT) model for the construction of the Amaila Falls hydroelectric project.

Sinovac to build a vaccine production plant in Bogota, Colombia

The Chinese biopharmaceutical company, Sinovac, will allocate US$100 million for the construction of a vaccine production plant, which is part of a ten-year project that will begin in 2023.

Embassy of the People’s Republic of China in El Salvador announces construction of new stadium

Yamil Bukele, president of INDES, El Salvador’s National Sports Institute, reported on the progress of the construction of the new National Stadium, with funds from the PRC.

“Demerara Harbour Bridge” in Guyana with China Railway Construction Corporation Limited

The Government of Guyana signed a contract to build a new crossing over the Demerara River, called the Demerara Harbour Bridge, for US$260 million. The project will be carried out by a Chinese joint venture.

Jumbo Jet signs US$40M contract with Chinese company

China’s largest truck supplier, Sinotruk Inc. is to partner with Guyana’s largest importer of these vehicles and agricultural machinery, Jumbo Auto Sales.

Justo & Bueno in Colombia will close stores after not receiving resources from Chinese firm to pay off debts

The discount and low-cost chain Justo & Bueno was awaiting a financial injection from the Chinese firm JF Capital. However, on the evening of May 10, the Justo & Bueno chain informed that it regretted that the new owners had not been able to meet the agreed deadlines.

Fourteen Chinese companies to invest in Argentina

The President of Argentina, Alberto Fernandez visited China in February 2022, to meet with President Xi Jinping. The meeting led to a total of 14 Chinese companies signing contracts to invest in Argentina, outside of the Silk Road Agreement, and immediately deploying different economic development projects.

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