Conquest of Latin America by Chinese capitalists continues...

Chinese acquisitions, investment and projects in six countries of Latin America  amount to an impressive 35.3 billion dollars since 2019. 

The investment is going into power generation, railways, renewable energy and vaccine production..different from the past when they were maligned as predatory extractors of minerals, oil and food crops..

This is is the highlight of an October report of Americas Quarterly 

https://www.americasquarterly.org/article/latin-americas-evolving-relationships-with-china/

There has been no significant new investment in Venezuela and Panama, the other two countries covered in the report. They have not published (may be they are still doing the research) information on the remaining 11 countries of Latin America  

Country-wise share is as follows:

 

Peru 7.98 billion dollars

Chile 6.99 bn

Colombia 6.42 bn

Argentina 5.8 bn

Brazil 5.37 bn

Mexico 2.73 bn

 

Of the total 35.3 billion dollars, the power sector has got the maximum of 12.5 billion followed by railways with 9.8 billion dollars.

 

Detailed break-up below:

 

 

ARGENTINA

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$2.6 billion	Reconstruction of San Martín cargo railway by China Railway Construction Corp. Ltd.
$1.02 billion	Malal-Hue UTE consortium, headed by PowerChina subsidiary Sinohydro, won the bid to build the Portezuelo del Viento hydroelectric dam in Mendoza province
$816 million	China Machinery Engineering Corp.’s improvement of the Belgrano freight railway
$784 million	Northern Patagonian train line built by PowerChina, linking Vaca Muerta shale reserves and Bahía Blanca port
$580 million	Investment by Ganfeng Lithium in solar-powered lithium plant in Salta province

 

BRAZIL

 

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$1.7 billion	China General Nuclear Power Group 2019 acquisitions of Atlantic Renewable Energies and Enel’s Brazilian wind and solar assets
$1.3 billion	China Communications Construction Co. (CCCC) to build a 130-mile railway between Marabá and the port city of Barcarena in Pará state
$1.2 billion	Consortium of three Chinese firms signed a public-private partnership with Bahia state to build a 7.7-mile bridge connecting the capital city Salvador and Itaparica Island
$719 million	China’s BYD company to construct SkyRail monorail system in the city of Salvador
$450 million	CCCC co-invested in a steel rolling mill in Pará state with Brazilian mining company Vale

 

 

CHILE

 

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$3 billion	State Grid bought CGE, the Chilean subsidiary of Spanish company Naturgy
$2.2 billion	State Grid bought U.S. firm Sempra Energy’s Chilean business Chilquinta Energía
$922 million	China’s Joyvio Agriculture Development Co. acquired Chilean salmon producer Australis Seafoods
$804 million	Consortium of CRCC International Investment Co. Ltd. and China Railway
$60 million	Sinovac Biotech to build a vaccine production plant in the Santiago region and a research and development center in northern Chile

 

 

Colombia

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$4 billion	Consortium of two Chinese companies to build the elevated 15-mile metro line in Bogotá
$1 billion	China Civil Engineering Construction Corporation to build a tram line connecting Bogotá to its suburbs
$1 billion	Zijin Mining Group bought Canadian firm Continental Gold, gaining access to the Buriticá gold project in Antioquia department
$418 million	China Development Bank’s financing of the $652 million Mar 2 highway project connecting Medellín to the country’s port

 

Mexico

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$1.8 billion	CRRC Zhuzhou Locomotive to modernize Line 1 of Mexico City’s subway system and add 30 new train cars
$630 million	A consortium including China Communications Construction Company to construct a section of the Maya Train on the Yucatán Peninsula
$300 million	Zhongtong Bus Holding Co. Ltd. and Mexican firm Golden Star 400 to build a plant in Nuevo León state to produce buses that run on natural gas

 

Peru

 

MAJOR CHINESE ECONOMIC ACTIVITY SINCE 2019

$3.59 billion	China Yangtze Power Co., Ltd. bought U.S. firm Sempra Energy’s Peruvian assets, including a 83.6% stake in Peru’s largest power utility company, Luz del Sur
$3 billion	Chinese-Peruvian consortium constructing Chancay port north of Lima
$1.39 billion	Consortium led by China Three Gorges Corp. bought Chaglla hydroelectric power plant