Latin America a magnet for new firms
China DailyLatin America is set to attract more Chinese businesses seeking trade and investment opportunities, adding greater momentum to both regional and global economies, market watchers and business leaders said. China saw its foreign trade value with Latin America soar 9.6 percent year-on-year to 2.79 trillion yuan in the first three quarters of 2024, statistics from the General Administration of Customs show. Zhang Shaogang, vice-chairman of the China Council for the Promotion of International Trade, said: "China's continued commitment to deepening institutional opening-up and forging high-standard economic and free trade agreements, along with the rapid growth of its tech-driven green industries, has encouraged its companies to strategically invest in new manufacturing, services and innovation facilities in both developed and developing countries." "In the first three quarters, our exports to Latin American countries saw an increase of 20 percent year-on-year, with orders scheduled through December," said Liu Youliang, the company's president.