[South America] [Latin America] Chinese investment
China’s investment in Latin America
For the five-year period between 2015 and 2019, China’s President Xi Jinping set ambitious goals for exchange with the Latin American and Caribbean region (LAC): $500 billion in trade and $250 billion in direct investment. The pledge was made in January 2015 at the first ministerial meeting of the Forum of China and the Community of Latin American and Caribbean States, which was held in Beijing. Although it remains to be seen if this degree of integration can be achieved, the investment target is certainly plausible, as China is likely to emerge in the next few years as the world’s largest supplier of capital.