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China is the second largest trading partner of Latin America

China is the second largest trading partner of Latin America
Issue Time:2019-01-07

Recently, the spokesman of the Ministry of Commerce spoke at a regular press conference. In recent years, China’s economic and trade cooperation with Latin American and Caribbean countries has developed rapidly. China has become the second largest trading partner of Latin America, and Latin America has become second only to Asia. The second largest destination for Chinese overseas investment.

According to reports, in 2017, bilateral trade volume between China and Latin American and Caribbean countries reached US$257.8 billion, up 18.8% year-on-year; from January to September this year, bilateral trade volume increased by 20% year-on-year to US$228.6 billion; in 2017, Chinese companies were The stock of direct investment in Latin America reached 387 billion U.S. dollars, and the total amount of engineering contracting contracts was 164.2 billion U.S. dollars, and the turnover was 112.9 billion U.S. dollars.

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