China and Latin America to Boost Cooperation as U.S. Takes Protectionist Turn, Experts Say

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Ning Gaoning (center), former chairperson of Sinochem, and Caixin Media President Zhang Lihui (left) discuss China-Latin America economic and trade issues with Chinese and foreign entrepreneurs Wednesday at the APEC special session of the Caixin International Roundtable in Lima, Peru. Photo: Caixin

China and Latin American countries are likely to find opportunities for deeper cooperation amid the new Trump administration’s protectionist tendencies, experts said on the sidelines of the APEC CEO Summit held in Peru’s capital Lima this week.

They highlighted key areas for potential collaboration could include mining, manufacturing, new energy, agriculture, digitalization and artificial intelligence.

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China and Latin America could deepen cooperation in sectors like mining, manufacturing, and digitalization amid U.S. protectionism under Trump's administration.
The Chancay Port project in Peru, a $1.3 billion investment by China's Cosco Shipping, aims to enhance trade between South America and Asia by reducing shipping times.
China remains Peru's top trade partner with bilateral trade growing 14.6% annually since 2016; Peru seeks to maintain balanced relations with both China and the U.S.

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Who’s Who

Sinochem: Sinochem is a major Chinese oil and chemicals company. Ning Gaoning, a former chairman, mentioned strategic investments like the Chancay Port project in Peru as examples of Chinese companies, including Sinochem, expanding overseas amidst rising trade protectionism.

COSCO Shipping: COSCO Shipping is a Chinese company involved in the development of the Chancay Port project in Peru, a $1.3 billion deepwater port. The project is significant for strategic investment and aims to reduce sea freight time between South America and Asia, enhancing Peru's role as a logistics hub.

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