To discuss the increasing importance of China and Latin America’s relationship, CCTV’s Elaine Reyes sits down with Eric Farnsworth, who is the Vice President of the Council of the Americas and Americas Society.
The China National Petroleum Corporation (CNPC) plans to invest two-billion dollars in Peru over the next decade and potentially build a gas pipeline in the country.
The CNPC’s planned investment is another bid to expand its economic presence in South America. The region has become essential in China’s geo-political strategy. And it’s no coincidence that it spends 13% of all its foreign investment in Latin America. Chinese President Xi Jinping has planned a visit to Brazil in July to attend the BRICS summit.