China and Argentina sign new agreement for nuclear power plant construction

Nucleoeléctrica is an Argentinean electricity generating company that operates the Embalse and Atucha I and II nuclear power plants. On February 1, the company signed an agreement to develop a project with the China National Nuclear Cooperation (CNNC), which will include the construction of a nuclear plant of the fourth nuclear power plant in Argentina.

The Caribbean Railroad: BYD’s proposal

The Caribbean Train, a railroad that connects the three main cities of the Colombian Caribbean coast -Santa Marta, Barranquilla, and Cartagena- to transport both cargo and passengers, is an infrastructure project that has been in the pipeline for more than five years. Through its representative in Colombia, Juan Felipe Velásquez, the Chinese company BYD has already submitted a proposal for the construction of the project.

Bolivia signs mining production contract with Chinese company

The Bolivian Mining Corporation (Comibol) and the Chinese company Phoenixminig S.A. signed a 15-year mining production contract on October 29 in the Amayapampa mining district in the municipality of Chayanta, Rafael Bustillo province in Potosí (Bolivia).

China Development Bank in Latin America and the Caribbean

The China Development Bank is a public financial institution that provides financing for infrastructure and energy development projects both within China and around the world. Nevertheless, the activities of this financial entity have been criticized by some social and environmental movements.

The changing phase of China’s lending practices in Latin America and the Caribbean

It is plausible that 2020 marked an inflection point in China’s relationship with Latin America and the Caribbean (LAC). According to joint research between Boston University’s Global Development Policy Center and the Inter-American Dialogue, last year was the first time, since 2006, that Chinese policy banks did not extend new loans to LAC governments.

U.S. response to rising Chinese investment in Latin America and the Caribbean

As reported a few months ago by El Observador Research Center, China is currently positioned as the third largest source of foreign capital in Latin America and the Caribbean. In fact, between 2015 and 2020, Chinese investment in the region amounted to some US$74.85 billion, allocated to the exploitation of natural resources, the energy sector, the transportation sector, and the telecommunications sector.

Venezuela, revolving door for Chinese interests in Latin America (Part I)

From investment to debt, the dangers of playing against loaded dice.

Between 2000 and 2014, Venezuela received more resources from China than any other country in the world. Despite being located some 14,000 kilometers away, a population of 30 million coupled with enormous energy potential, characterized by an erstwhile billion-dollar oil industry, held significant appeal to China. This, coupled with a new, nationalist political model that appeared compatible to China’s new commercial strategy, provided a catalyst for both nations to strengthen relations. Yet opacity has characterized the signing of almost 500 agreements.

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