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Significance
The relationship is diversifying into new sectors, although the exchange of LAC commodities for Chinese manufactures remains at the centre. The relationship will continue to deepen, but doubts remain about China’s growth prospects and tensions between Beijing and Washington.
Impacts
The United States will likely increase pressure on LAC countries to restrict China’s entry, but will struggle to compete effectively.
South America is particularly vulnerable to a Chinese slowdown linked to real estate sector woes and China's strict 'zero-COVID' policy.
Further 5G auctions will take place in 2022 and 2023, in which Huawei will be highly competitive.
Keywords:
Latin America,
China,
LA/C,
United States,
Argentina,
Brazil,
Colombia,
Ecuador,
Peru,
Uruguay,
Venezuela,
LATIN AMERICA/CHINA,
economy,
industry,
debt,
energy,
finance,
foreign investment,
foreign policy,
foreign trade,
infrastructure,
mining,
oil
© Oxford Analytica 2022. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2022
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