{"id":4365,"date":"2021-03-19T12:16:44","date_gmt":"2021-03-19T16:16:44","guid":{"rendered":"https:\/\/avech.org\/?p=4365"},"modified":"2021-03-19T16:23:09","modified_gmt":"2021-03-19T20:23:09","slug":"china-latin-america-economic-bulletin-2021-edition","status":"publish","type":"post","link":"https:\/\/avech.org\/en\/china-latin-america-economic-bulletin-2021-edition\/","title":{"rendered":"China – Latin America Economic Bulletin 2021 Edition"},"content":{"rendered":"

China – Latin America Economic Bulletin 2021 Edition<\/strong><\/h1>\n

Rebecca Ray, Zara C. Albright y Kehan Wang<\/strong><\/p><\/h1><\/div>

Latin America and the Caribbean (LAC) was hit hard in 2020 by the COVID-19 pandemic and the resulting economic downturn. With one of the highest mortality rates in the world, the region also saw the worst economic slowdown of any global region, contracting by over seven percent last year (\u201cCOVID-19 in Latin America\u201d 2020; IMF 2021). In this context, LAC\u2019s relationship with China\u2014the most important export market for South America and second export market for LAC overall\u2014is crucial.<\/p>\n

These are among the findings of this year\u2019s China-Latin America Economic Bulletin, the sixth annual note summarizing and synthesizing trends in the burgeoning China-Latin America economic relationship. The goal of the bulletin is to provide analysts and observers a handy reference to the everchanging landscape of China-Latin America economic relations, a landscape where data is not always as readily accessible. Highlights from this year\u2019s edition include:<\/p>\n

\u2022 For the first time in 15 years, China\u2019s two policy banks, China Development Bank (CDB) and the Export-Import Bank of China (ExImBank) signed no new financing commitments with LAC governments. Instead, renegotiations of existing debts began, culminating in the suspension of $891 million in payments by Ecuador.<\/p>\n

\u2022 China donated $215 million in medical aid to LAC countries. Nearly half of this amount\u2014over $100 million\u2014went to Venezuela.<\/p>\n

\u2022 LAC-China trade held steady despite the regional downturn, at an estimated $136 billion in LAC-China exports and $160 billion in Chinese exports to LAC. Given the sharp economic slowdown, LAC\u2019s trade with China rose to record levels as a share of regional GDP, at an estimated 3.8 percent of GDP in imports and 3.2 percent of GDP in exports.<\/p>\n<\/div>

<\/div>

Fuente: Global Development Policy Center<\/a><\/strong><\/p>\n<\/div>

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