08-Jan-19, Bloomberg
As America recedes into the background, Chinese foreign direct investment in Latin America and the Caribbean has skyrocketed. China dropped close to USD90 billion in the region between 2005 and 2016. With a growing emphasis on telecommunications, Chinese investment in emerging technology is increasingly the primary fuel behind Latin America’s tech boom.
%20Nelson%20Ching_Bloomberg.jpg "Chinas billions are powering Latin Americas tech boom (c) Nelson Ching Bloomberg")
Image: Nelson Ching / Bloomberg
Long term, Beijing wants to cement deals with countries that are both resource-rich - a critical need for Chinese industry - and have growing consumer demand. Countries such as those where online discount player Groupon Latam has a presence: Colombia, Mexico, Argentina, Chile, Peru and Brazil.