Increase In Trade Between Latin America And China Benefits New Chinese Businesses
Trade is currently positive for Latin America and China since the two countries have increased their dealings by 22 times compared to when it began in 2000. This is the exact opposite of the trade happening between the United States and Latin America since the rate only multiplied by two times. These facts were according to OECD Development Centre’s chief economist, Angel Melguizo. It would not be surprising if Latin women dating Chinese is higher compared to Americans since the two countries are warming up.
In an agreement made in 2015, China said that they are going to spend $500 billion worth of trade with Latin America as well as direct investment amounting to $250 billion. These will be spread in a period of 10 years and one of the major areas they are going to concentrate on is infrastructure.
Chinese startups, on the other hand, are seeking their opportunities in foreign countries because of the tough competition within their country. One of their top choices in the global market is Latin America as it welcomes more tech startups and it was predicted that the region could be a battleground between large tech companies in the future.
Transsion Holdings, a Chinese-based manufacturer of mobile phones, is currently leading the African market. The company wishes to expand to Latin America along with the release of its newest phone model.
Earlier this year, Didi Chuxing which is a ride-sharing company in China decided to acquire 99 Taxis which is considered the ride-hailing giant in Brazil. The following month, the bike-sharing platform from China called Mobike decided to penetrate the San Diego market.
The move to try out foreign market has been proven effective by a news aggregator company Noticias Aguila when they decided to take roots in Mexico. Not even two years has passed and they were able to gain more than 20 million users while on Facebook they have over 10 million followers. The company is now evolving to be the Latin America’s leading mobile media platform.
The region is starting to make a name and Latin women dating other nationalities is no longer the bigger issue but the growing market for businesses.
