Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
Asia-PacificMarch 22 2011

China changes tactics for Latin American resources

China's quest to meet its natural resources needs has been largely concentrated on Africa, but its presence in Latin America has been creeping up over the past decade. Latam governments, however, are proving to be less co-operative than their African counterparts.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
China changes tactics for Latin American resourcesChinese firm Chinalco is tapping into Peru's copper mines

That China is not shy about securing its natural resources needs is well established. The country’s economy continues to grow at a jaw-dropping pace, and with it the demands of its population and businesses, but China is dependent on foreign lands for many of its requirements. It is estimated that soy bean import demand will rise from 37 million tonnes in 2008 to 83 million tonnes in 2020, and that crude oil imports will rocket from 179 million tonnes to an expected 1.74 billion tonnes in the same period – an increase of almost 1000%.

Luckily for China, many of the commodity rich countries of the world have welcomed it with open arms. However, the response to China’s growing appetite for the world's resources is not always positive, and the country is beginning to discover that not every country is willing to hand over its riches easily. 

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
Read more articles from this author