Published by The Costa Rica News
San Jose [TCRN] –China, one of the most active countries in the world in terms of building relationships in Costa Rica and Latin America investment, attended the China World Summit Wing this past week and spoke about its aspiration in Latin America.
SinoLatin Capital, a the major investment bridge between China and Latin America that focuses on natural resources and commodities, spoke at the 2012 China World Summit Wing.
The Conference hosted international mining companies to showcase their projects and analyzed investment opportunities in areas such as coal, iron ore, copper and precious metals.
Commodity prices fell in recent fall in during the last quarter, on Europe concerns. Coupled with the the Greek problems may drive commodity to fall even further. However, the continued rapid urbanization of China and India is boosting commodity prices in both the medium and long term.
There is a wide gap in China’s production and consumption of resources like oil, copper, soybeans etc., and Latin America has what China needs with the world’s largest reserves of silver, copper, and tin, 16% of the global oil reserves and the most arable land in the world.
Latin America is the new frontier for China’s growing resource demands and there was an increasing amount of China investment with an US$120 billion worth of imports in 2011 alone.
This is just the beginning of a long-term investing trend for China and presents tremendous opportunities for Latin America.