Not defined by distance: New vitality in the China-Latin America relationship

November 27, 2024 02:00 AM AEDT | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

BEIJING, Nov. 26, 2024 /PRNewswire/ -- A news report by China.org.cn on China-Latin America relationship:


Not defined by distance: New vitality in the China-Latin America relationship

In English, people use "from China to Peru" to refer to "from one corner of the world to another". Now, China and Peru have become close neighbors despite the distance. With Chinese President Xi Jinping's recent visit to Latin America, the growing passion for China and Latin America in respective regions that came in its wake has brought highlights to the China-Latin America relationship.

Speed is a primary feature of the close relationship between China and Latin America. Two weeks ago, the Chancay Mega-port, an important fruit of Belt and Road cooperation, started its operations in the nightfall. Thanks to this expressway on the sea, blueberries, grapes and avocados from Peru can arrive in Shanghai, China in just 25 days, 10 days faster than in the past. In recent years, China has been the fastest-growing importer of Peru's goods. From 2000 to 2022, trade in goods between the two countries increased 35-fold. In the first three quarters of 2024, the goods trade volume has reached 427.4 billion USD, and the total volume for the year is estimated to exceed 500 billion. During President Xi's visit in Peru, the two countries signed a Belt and Road cooperation plan, bringing the number of Latin America signatories to the plan to seven, including Argentina, Chile, and Uruguay. All of these bear proof to the leading scale, depth and speed of China-Latin America cooperation.

The China-Latin America relationship has been evolving with innovation. China and Latin American countries are far, far away from each other, but nowadays, people from either side can click on their screens, place an order, and buy themselves premium products from the other continent. Coffee from Colombia and Yerba Mate from Argentina have become popular products for Chinese consumers. In February, 2023, an e-commerce air cargo route between Xiamen and Sao Paulo was opened, via which over 10 million parcels have been sent from China to Latin America to date. Apparel and small items have been welcomed by Latin American customers. In recent years, building the digital Belt and Road was proposed by China and Latin American countries, which seeks to overcome the challenges brought by distance through digital technologies, and achieve collaboration beyond geographical limitations. The e-commerce cooperation between China and Latin America is a vivid flagship of the digital Belt and Road.

The newest feature of China-Latin America cooperation is "green". Latin American countries lend pivotal status to environmental protection and sustainable development. Take Brazil as an example, it is the country with the most environmental protection laws and regulations in the world, exceeding 20,000 items. It is also the first country in the world to include comprehensive environmental protection in its constitution. While China, with its cutting-edge technologies in its "new-trio", namely electric vehicles, lithium batteries and photovoltaic products, echoes with the green development strategies pursued by the Latin American countries. Thus, they have achieved fruitful results in this regard: China's electric vehicle manufacturer giant BYD has invested to set up a factory in Brazil; battery manufacturing company CATL has carried out green development of lithium resources in Bolivia; China's photovoltaic industries have been widely welcomed by Latin American countries… Cooperation between the two in both traditional and green industries is blooming.

Geographical distance will not confine China-Latin America collaboration. Empowered by technology, green and sustainable development, and innovation, the cooperation will enter the "fast lane", and the sound friendship will generate more vitality.

China Mosaic

http://chinamosaic.china.com.cn/index.htm

Not defined by distance: New vitality in the China-Latin America relationship

http://www.china.org.cn/video/2024-11/26/content_117570242.htm


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.