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China expects strong economic ties with Latin America
   2016-11-17 19:41:15    CRIENGLISH.com      Web Editor: Shi

Ahead of Chinese President Xi Jinping's arrival in the region, the Ministry of Commerce has released new stats showing trade volumes between China and Latin American countries hit over 160-billion US dollars through the first 3-quarters.

That's down some 10-percent compared to the same period last year.

However, Sun Jiwen with the Commerce Ministry says even though the base numbers are down, there are still positives when you break the numbers down.

"Firstly, when we look at the trade numbers, even though they're down, what we can see is that China's proportion of foreign trade with Latin American countries, compared with other parts of the world, is actually on the rise. The other take-away from the figures is that Latin American countries are an important export market for China in areas such as rail transport and Telecommunications engineering. Meanwhile, more commodities from Latin American countries have been imported to China."

Commerce Ministry stats show Chinese investment into Latin America through the first 3-quarters hit some 21-billion dollars, an increase of around 70-percent.

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