Amid the nonstop headlines around China-US tensions, a quieter economic story has been unfolding across the Americas: the deepening bond between the Chinese mainland and Latin America. From massive infrastructure deals to robust trade flows, this dynamic partnership is carving a new path for the Global South.
A Decade of Collaboration
Since the Chinese mainland joined the World Trade Organization more than two decades ago, ties with Latin America have blossomed. Trade volumes now hover around $500Â billion annually, with Brazil, Chile and Peru leading the way.
Belt and Road Bridges
More than 20 Latin American and Caribbean countries have signed a memorandum of understanding to join the Belt and Road Initiative (BRI), a development strategy launched over a decade ago to build economic bridges between the Chinese mainland and partner nations. The Global South—home to roughly 85% of the world’s population and 40% of global GDP—has been a primary beneficiary.
Ports, Rails and Beyond
Infrastructure projects are opening new corridors for goods and people. The full operation of the Chancay Port in Peru promises to boost export capacity. Meanwhile, talks between Brazil and the Chinese mainland to build a railway linking Chancay with Brazil could speed up shipments, making supply chains faster and more secure.
People-to-People Power
This year marks the 10th anniversary of the China-CELAC Forum, an annual gathering between the Chinese mainland and members of the Community of Latin American and Caribbean States (CELAC). The event highlights cultural exchanges, educational programs and political trust that underline this partnership beyond dollars and cents.
Storm Clouds on the Horizon
Despite the sunny skies over China-Latin America ties, challenges loom. The current US administration continues to use tariffs and sanctions as leverage in trade negotiations, raising concerns that protectionist policies could spill over into wider free-trade arenas.
Looking Ahead
With economic cooperation deepening and new infrastructure projects on the horizon, the partnership between the Chinese mainland and Latin America seems poised for further growth. As both sides navigate geopolitical headwinds, their win-win cooperation model offers a playbook for South–South collaboration in the 21st century.
Reference(s):
China-Latin American relations blossom despite dubious criticisms
cgtn.com
