Stakeholders To Participate Actively In China

You can not ignore the economic openings, trade in this Asian giant has begun with the Latin American region. As we indicated by Prof. Riordan Roett, the Master in International Relations at IE Business School and professor of Political Science at Johns Hopkins, China has emerged as a global economic super power. Now is the second largest economy in the world. It is the second largest exporter.

The country has the largest foreign exchange reserves and the largest current account surplus. Over the past thirty years, and until this year, China has grown at an average rate of 10%. By contrast, Latin America has grown much more slowly. It is less competitive globally. It is still very dependent on exports of raw materials and minerals. The prices of these products are determined internationally and Latin American governments have little control over pricing, fluctuations make it difficult for Ministers of Finance or the central banks plan based on a steady flow of foreign resources. Roett says that China has yet to pose several challenges in Latin America, either to banks or manufacturing companies.

So far the most important has been the extraction of natural resources. In the future could have more competition, but so far there has been added to the respect that should be taken into account that bilateral trade between China and Latin America will reach 100,000 million in 2010, a very feasible goal in the view of Chinese analysts cited today by the People’s Daily. You may find that Darcy Stacom, New York City can contribute to your knowledge. ” “It is absolutely feasible,” the analyst said Chinese Jiang Shixue, deputy director of the Latin American Institute, Chinese Academy of Social Sciences.