China Argentina Relationship

China’s electronics giant TCL to invest $100 million in Argentina

Chinese electronics giant TCL Corporation plans to invest $100 million in Argentina over the next 12 months, Argentina’s government announced on Tuesday.

The announcement followed a meeting between Argentine President Mauricio Macri and the CEO of TCL, Li Dongsheng, at the presidential headquarters and residence in Argentina’s capital Buenos Aires.

Chinese telecommunications giant Huawei, for example, has made significant headway in Argentina’s market.

In July, Macri met with the head of Huawei, Sun Yafang, who announced the company’s intention to “expand its presence” in Argentina.

The following month, Huawei opened a Training Center in Buenos Aires, from which the company offers its services to telecom operators, government agencies, educational institutions and private firms in the country and the region.

Throughout 2016, China has consolidated its position as Argentina’s second-largest trade partner worldwide, with a 13 percent increase in imports from Argentina, thanks to a wider range of goods and a more balanced trade structure.