China’s FDI in Latin America seems to be continuing unabated. Cosco Shipping announced (中国远洋海运 集团要闻 中远海运收购秘鲁钱凯码头60%股份) this week that it is moving forward with the Chancay port project. On the sidelines of Davos, the Chinese shipping conglomerate held a signing ceremony with local partner Volcan Minera where it agreed to acquire a 60% stake in Chancay for $225m (中远再拿海外码头：2.25亿美元购秘鲁钱凯码头60%股份_10%公司_澎湃新闻).
Cosco’s plans for Chancay will transform shipping and economic activity for the central coast of Peru. Cosco's plans foresee a $3b port that will become "a transportation hub for the entire South Pacific” (中资控股后，秘鲁钱凯港将被打造成南太平洋交通枢纽).
Peru isn't alone. Across the continent, China’s ambassador in Brasília is chomping at the bit to see what comes out of the new government of Jair Bolsonaro’s privatization plans. Chinese corporates are eyeing airports and railways (巴西政府拟私有化更多机场和铁路 扩大铁路建设投资), as well as Petrobras (巴西国油面临“部分”私有化).
Even with a slew of port purchases, it may not all be smooth sailing. In the past several months there have been signs that the Chinese economy is slowing, with some saying that GDP growth for 2018 was well less than the officially announced 6.6%. And 2019 portends to be no better. As a result, Chinese corporates - both private and state-owned - have begun pulling away from projects due to lack of liquidity.
Is this the sign of continued, deepening commitment from Chinese SOEs to Latin America? Or is this the last gasp before China reorients to a more internally-looking role?
Asahi is moving into Argentina. The Japanese beer brand (which also owns Grolsh and Peroni), has opened up a subsidiary in Argentina.
Argentine cherries are now going to China via air.
Gruma, Metalsa y SuKarne buscan aprovechar el CPTPP— El Economista
Crea CPTPP escudo para afrontar a China— El Norte
More news on TPP, with Gruma and other Mexican companies eyeing Southeast Asia.
Peru and China will begin negotiating Free Trade Agreement (FTA) 2.0 in April.
Chile llega a un acuerdo con la minera de litio Albemarle— Minería en línea
Chile’s CORFO development agency has come to a deal with Albemarle for the latter to provide up to one quarter of its annual lithium production for the supply-chain value-added industry project.
Mobile is being renamed Meituan Bike to be closer aligned to its parent company. Given the parent has no other presence in Latin America, we wonder if this will extend to the programs in Mexico and Chile.
End to the chicken war? China and Brazil have come to terms, and Brazil can export chicken to China again.
Trade war slowing growth in Latin America.
El canciller argentino acusó a China de apoyar a Maduro por plata— Política Argentina
A Bolivarian Spring— TT Guardian
Venezuela and China: a perfect storm— Dialogo Chino
As the ongoing crisis that is Venezuela enters a new phase of dueling presidents, countries in the region warn China to rethink its support for Nicolás Maduro.
China — LAC
China quer participar de programa de privatização brasileira— Agência Brasil
Soluções jurídicas para os problemas entre Brasil e China— Consultor Jurídico
Economía al ritmo de la China y el petróleo— La República
México va por relación comercial con China— Multimedios Laguna
Growth From China Fuels Methanex— Seeking Alpha
Crece interés de México y Vietnam por inversión china— El Economista
Chilean pears expected to enter China this season— Fresh Plaza
Korea — LAC
Goiás poderá ter maior usina fotovoltaica do mundo— Suno Research
Mérida y Corea refuerzan su relación en los ámbitos cultural y educativo— Mi Punto de Vista
Japan — LAC
España, EEUU, Canadá y Japón, los países que más invierten en Chile— El Economista América
ASEAN & Oceania — LAC
Australia lithium output set to soar as electric cars gather steam— Nikkei Asian Review