When President Hu Jintao toured Latin American capitals in November 2004, he predicted that trade and investment flows between China and Latin America would both surpass $100 billion within a decade.
Two-way trade between China and Latin America topped $140 billion in 2008.
But, according to Shanghai’s SinoLatin Capital Analysis, accumulated Chinese investment in the region at the end of 2008 stood at a meager $12 billion, considerably less than the foreign direct investment into Latin America from the US state of Michigan.
The onus now lies upon vested interests to build the bridges that will bind this vital, though still awkward, partnership.
Latin Business Chronicle in a long and detailed article explains how Latin Americans, with the help of service professionals, especially investment bankers, private equity funds, law firms, risk consultants and insurance firms, must step up their efforts to educate their future Chinese partners on how to evaluate, navigate the opportunities and mitigate the risks of investing in Latin America.