China Inc and Chile Inc in Sync 

China Inc and Chile Inc in Sync 

Talking about the success of Chile Week in China is nothing new, the most recent edition being no exception. ProChile,  ASOEX, and others racked up deals with China’s second largest offline and online supermarket chain, Suning; China Eastern, expanding a route for produce from Santiago to Ningbo (via Miami) and cutting travel time from 11 days to three; and signing a purchase and a sourcing agreement with Alibaba subsidiary Win-Chain.
But the most exciting announcements weren’t made in China, but Chile.
Legend Holding's subsidiary Joyvio announced this week that it had come to an agreement to buy 95% of Chilean salmon concern Australis from current owner Isidoro Quiroga (三文鱼产业又有大动作!). The deal, which will include a public buyout offer extend to the remaining shareholders through April 2019, values Australis at $880m. This sets a new M&A record in the Chilean salmon industry, beating the $850m August acquisition of AquaChile by Agrosuper.

Gold Anda Chile, produce-purchasing subsidiary of Shenzhen Golden Anda, opened its first fruit plant in the Maule region. The $10m plant is the first plant fully funded by Chinese capital in the region, can process 100 tons of fresh fruit per day and replaces the closures of plants from domestic firms like Iansa and Suazo Companies.

These deals follow on JD.com’s announcement last June of the acquisition of a farm in Chile, as part of a program through its JD Fresh subsidiary to integrate the whole agricultural supply chain.

This beginning of the vertical integration of the produce supply chain from Chile to China will guarantee quality produce to China’s growing middle class while allowing for the investment in higher value-added supply chain processing in Chile.

Ultimately driving this activity is not just the existing demand, but the promise of future demand. At the Golden Anda opening, Chilean Agriculture Minister Antonio Walker quoted his Chinese counterpart: “this is just beginning; we have the whole interior of China to penetrate. There are a lot of markets still to be conquered.”

Top Stories

美国寻求中国重新购买大豆,不料巴西大豆收成期提前!又没戏了? — 金十数据

巴西海量大豆涌向中国 — 环球网

Oportunidades para Argentina con la nueva estrategia importadora del mercado chino — La Nueva

Argentina puede ganar con la mayor guerra comercial del mundo — BAE Negocios

La guerra comercial entre EEUU y China sumaría hasta US$ 10.000 millones a la Argentina — Télam

Brazil record soy exports to China could expand further — Nasdaq 

The US-China trade war continues to give opportunities to Brazil and Argentina to export soy to China.

China apuntala su liderazgo en la cumbre Asia-Pacífico ante la ausencia de Estados Unidos — RTVE

China aboga por economía mundial abierta en foro de APEC — Forbes México

APEC: Digicel chair Denis O'Brien praises business-friendly PNG — Loop TT

La pugna comercial y de influencia en el Pacífico entre China y EEUU empaña la APEC — Yahoo Finanzas

Xi aboga por estrechar lazos con Chile en reunión con Piñera — América Economía

Especialistas sostienen que Perú respalda liberalización del comercio e inversiones en APEC — América Economía

Ministro Rogers Valencia: APEC avanza en liberación y facilitación del comercio — Agencia Andina 

Piñera pide a E.E.U.U. y China que terminen con la guerra comercial — El Pingüino

Disputa comercial entre China y Estados Unidos ensombrece la cumbre del APEC — Economía y Negocios 

México reitera respaldo a multilateralismo en foro APEC — China.org

Termina cumbre en Papúa Nueva Guinea sin acuerdo por EU y China — El Diario

Xi meets Chilean president, pledges closer ties — Xinhua 

The APEC meeting this week in Papua New Guinea was the site of the latest ruffling of feathers between China and the US, resulting in no final communiqué for the first time in the forum’s history. 

Perú y China inician negociaciones para optimizar Tratado de Libre Comercio — América Economía  

Perú y China inician negociaciones para optimizar el TLC — Gestión 

Perú y China inician negociaciones para optimizar Tratado de Libre Comercio — Larco Trade News

Peru and China kick off negotiations for FTA 2.0.

Sí se puede: Argentina envió por primera vez arándanos a China — Infocampo

Empezó a cultivar arándanos como un hobby y se convirtió en el primer argentino en exportarlos a China — La Nación  

Argentina: Patagonia's cherry must undergo quarantine to travel to China — Fresh Plaza

Argentine berries are sent to China for the first time. But cherries are stymied by the need for cold processing, making them have to go by boat.

Puertos del país se blindan contra entrada de acero chino ilegal —El Tiempo

Industria de acero pide frenar prácticas desleales de China — el Periódico 

From Guatemala to Colombia, local steel producers are complaining about being undercut by Chinese production. Will it go to the WTO?

Didi, el rival chino de Uber, inicia operaciones en CDMX — Forbes México 

DiDi, la competencia china de Uber, llega a la Ciudad de México — La Prensa

Didi Chuxing amplía servicio de transporte a Ciudad de México — Xinhua

Update your apps. Didi Chuxing launches service in Mexico City.

China y Japón, clientes mayoristas del tequila mexicano — Marco Trade News

China and Japan are becoming bigger consumers of Mexican tequila.

China eyes US$10 trillion in imports from LAC — Jamaica Observer 

China's Ambassador to Jamaica Tian Qi says his country is looking to import $10 trillion in goods and services from across the world over the next five years.

China — LAC

Presidente do Panamá nega que tensão entre China e EUA tenha afetado canal — UOL 

Crece la influencia de China como mercado importador desde América latina — BAE Negocios

China deve habilitar mais plantas do Brasil para exportação de carnes, diz secretário — Terra 

Peru: Citrus exports to China increased by 51% — FreshPlaza 

Goiano que trabalha em estatal chinesa diz que expectativa do país com Bolsonaro é “excelente” — Jornal Opção

Chile: TPS will export more than 150,000 tons of cherries to China — Fresh Plaza 

Mexico wants to increase vegetable exports to China — Fresh Plaza 

Maersk ve potencialidad en la uva de mesa de la provincia peruana — Portal Portuario

Ministro de Minería se reúne con empresarios chinos para abordar uso de nuevas tecnologías en fundiciones — Portal Minero

Letter: Modern day off-shoring — Caribbean News

El gigante chino Xiaomi llegará a Chile a principios de diciembre — La Tercera

China conquista Suramérica, como socia comercial — El Nuevo Diario

Equipamientos de seguridad de China ganan aprecio en países latinoamericanos — Xinhua

Pending Chinese help, Venezuelan oil production falls to lowest level since 1949 — NewsRep

Chile’s fruit growers embrace technology to stand out in Chinese market — Borneo Bulletin 

Korea — LAC

Expertos destacan que cooperación Corea-Perú para remediar pasivos ambientales mineros es modelo para la región — América Economía

Nuestro país necesita diversificar su comercio: Embajador de México en Corea — AF Medios 

$45bn Korean manager enters LatAm — Citywire Americas

Japan — LAC

La relación México-Japón sigue creciendo en industria y la cultura: Vania de la Vega — Crónica

Mexico’s agricultural food exports to Japan increases in 2018 — Krisijangran

India — LAC

Brazilian sugar mills owned by India's Shree Renuka up for auction — Reuters 

ASEAN & Oceania — LAC

El presidente de Chile participa en ASEAN en la agenda marcada por la economía — TRT

Piñera destaca logros económicos de Chile en Singapur y se reúne con Lagarde y Putin — Diario Financiero 

Gobierno nomina a embajadores en Japón e Indonesia: pendiente Francia — La Tercera

Huobi Lays Off 60% of its Brazilian Office — Crypto Globe 

GCC — LAC

We didn’t see anything this week — what did we miss?

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