Carribean

Dr. Scott MacDonald's picture

China and Latin America–A Changing Relationship

During the early years of the 21st century Chinese multinational companies (MNCs) actively engaged in Latin America. An abundance of natural resources and a growing Latin American middle class fit China’s needs for essential raw materials and a growing Latin American middle class fit the Asian country’s need for overseas markets. In turn, Latin America was able to diversify export markets for its oil, copper and soybeans.