Chinese presence in Latin America under debate in Sao Paulo

15 June 2009

Sao Paulo, Brazil, 15 June – The 3rd International Conference on the Presence of China in Latin America, promoted by the Brazil-China Business Council, is due on 30 June in Sao Paulo to bring together world specialists on this issue.

The opening of the event will cover Brazilian strategies for China and the first panel will discuss China’s presence in Latin America, the second will deal with the impact of China on Latin America’s trade and the final panel will discuss the importance of China for Brazil’s economy.

The event will also be attended, amongst others, by Rhys Jenkins, professor of Economic Development at a British University, David Shambaugh, professor of Political Science and International Relations at George Washington University, Jiang Shixue, the vice-president of the Latin American Research Institute for the Chinese Academy of Social Sciences and professor of the Chinese Academy of Social Sciences, and Octávio Barros, director of Economic Research at Banco Bradesco.

China’s relationship with Latin American countries has significantly increased over the last few years, and between 2000 and 2007 bilateral trade rose ten-fold and, in 2008, exceeded US$140 billion.

The explosion in bilateral trade has been accompanied by greater political proximity, increased cultural and military exchange, as well as a rise in direct investment in the Latin American region. (macauhub)