Argentina is making room for China in its trade, decreasing, as a consequence, purchases from Brazilian companies. Argentine imports from the Asian country grew 64% between 2010 and 2013, driven by government orders of capital goods. Last month, a Chinese company defeated Brazilian contractors in Argentina’s current major public work, a deal of $4 billion. Both in the case of public works and in imports, the key for the Chinese breakthrough is lower-cost financing.
Valor Economico
Valor International
Valor Economico
Valor International
