Peru - China Business Forum to Increase Investments

Posted on December 31, 2007 by Hongwei Shang

As commercial exchange increases between Peru and China, the two countries met together in December, 2007 and inaugurated an investment forum to further increase trade and investment between the two nations.

The Chinese Council for the Promotion of International Trade and Peru's Private Investment Promotion Agency (ProInversion) have organized the Peru-China Investment Forum, which has brought to Peru 39 Chinese companies interested in increasing bilateral trade and investment.

During the inauguration of the investment forum at the Delfines Hotel on December 4, 2007, Prime Minister Jorge del Castillo said Peru welcomed Chinese investments and reported that mining company representatives were already meeting with government authorities and discussing investment opportunities.

Companies from many Chinese industries came to Peru on December 4. Among those present were logistic, textile, hotel, auto, chemical, energy, construction and mining companies.

With a 54 percent increase in commercial exchange this year, Chinese Ambassador to Peru Gao Zhengyue said trade between the two countries had developed at a fast pace and China had become Peru's second largest trading partner and exporting market.

For more information, please view http://www.livinginperu.com/news/5237.

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China-Brazil trade hits US $12b in 6 months

Posted on December 21, 2007 by Hongwei Shang

Bitaleral trade between China and Brazil hit $12 billion in the first half of this year, up 30.1% from last year, according to the Chinese Minstry of Commerce.

This broke down into $4.54 billion of exports and $7.46 billion of imports, up 38.5% and 25.5% respectively.

Brazil is China's largest trade partner in Latin America, and China is Brazil's third largest trade partner and export destination as well as its second largest source for import.

By the end of June this year, China had invested nearly $100 million in Brazil, largly in mining, telecommunications, trade, services, lumber processing and assembly lines of household electric appliances.

Meanwhile, Brazil's acutual investment in China had hit  $210 million, most of which wen to manufacturing, real estate and hydropower industries.

For more information, please visit http//www.chinadaily.com.cn/bizchina/2007-09/10/content_6094558.htm.

 

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