Chile's largest steelmaker shuts down furnace amid unfair competition from China

Economy 2024-09-17

Chile's largest steelmaker shuts down furnace amid unfair competition from China

In 2023, Latin America imported a record 10 million tons of Chinese steel -- up 44% in a year. Two decades ago, the figure was just 85,000 tons.

Controversial trade ruling benefits Chinese steel, hurts Chilean industry

Economy 2024-09-12

Controversial trade ruling benefits Chinese steel, hurts Chilean industry

Subsidized Chinese steel regularly undersells domestic steel. Without decisive action by Latin American governments, this trend will continue to ravage local markets and steel industries, as seen in Chile.

Peruvian port construction advances amid growing concerns over Chinese intentions

Economy 2024-09-06

Peruvian port construction advances amid growing concerns over Chinese intentions

Peru is seeing scant discussion of the Chinese-built cranes at Chancay port, which investigations reveal are equipped with hidden communication systems that could enable espionage and disrupt supply chains.

Chinese mining giant expands its grip with new concession in Nicaragua

Economy 2024-09-03

Chinese mining giant expands its grip with new concession in Nicaragua

The Ortega regime has been notably lenient with Chinese mining firms, approving their permit applications in just three or four months, compared to the typical eight to twelve months for others.

Honduras' shrimp industry faces economic ruin after break with Taiwan

Economy 2024-08-28

Honduras' shrimp industry faces economic ruin after break with Taiwan

The decision to change diplomatic partners was 'rushed,' and the new ties with Beijing have caused 'more harm than good' to Honduras' shrimp industry.

Free trade agreement with China has left Chile vulnerable

Economy 2024-08-23

Free trade agreement with China has left Chile vulnerable

China's trade practices have heightened tensions and fueled concerns about its ability to sway the Chilean government.

Andean region plagued by Chinese state firms' operational irregularities

Economy 2024-08-21

Andean region plagued by Chinese state firms' operational irregularities

A report analyzing 147 projects by Chinese companies in the Andean region uncovered numerous shortcomings, including corruption, cost overruns and significant delays.

Growing discontent amid dollar, fuel shortages in resource-rich Bolivia

Economy 2024-07-19

Growing discontent amid dollar, fuel shortages in resource-rich Bolivia

Bolivia remains one of the poorest countries in the region, despite its vast mineral wealth, including gas and lithium reserves.

Colombia might block 'predatory' steel imports from China, Russia

Economy 2024-07-18

Colombia might block 'predatory' steel imports from China, Russia

Imports of steel from China and Russia could force the closure of companies and cost thousands of jobs.

Cheap Chinese steel threatens jobs in Latin America

Economy 2024-04-16

Cheap Chinese steel threatens jobs in Latin America

The inflow of low-quality Chinese steel into Latin America jeopardizes the regional industry, with 2024 anticipated to bring uncertainties and downturns due to unfair Chinese competition.