Latin America a magnet for new firms

Region's trade opportunities, steady growth to entice Chinese businesses

Latin America is set to attract more Chinese businesses seeking trade and investment opportunities, adding greater momentum to both regional and global economies, market watchers and business leaders said.

The significant trade complementarity and intertwined interests of China and Latin America — along with their immense scope for cooperation in emerging industries — are expected to further enrich business ties.

Brazil, Chile and Peru boast large, young populations and growing middle-income groups, which will further drive demand for consumer goods, technology and infrastructure, areas where Chinese companies excel, said Peng Bo, a researcher specializing in foreign trade at the Chinese Academy of International Trade and Economic Cooperation in Beijing.