China is turning its sites on Latin America. As Gabriel Dabdoub, president of the chamber of commerce of the Santa Cruz region, said “China now acts in a different way with South American countries. It “no longer aims at only at buying raw materials, it wants to get into investing in industrialization.”
Dabdoub continued, “China is particularly attracted by industrialization projects that the country needs over the next 10 years and which cost an estimated $42 billion.”
Chinese companies have said that they are most interested in building a railway that would go from Bolivia to Brazil. Similarly, the Chinese Foreign Minister Wang Yi recently said that his country is interested in increasing investments and relationships with Latin America and the Caribbean.
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