Alianza China - Perú: The 21st century will be the Pacific, with China as its main actor
The world of expert analysts is divided when the subject is objectively assessing the Chinese phenomenon. No one can shed their cultural, ideological or political trappings to face with some objectivity the overwhelming advance of the Chinese giant.
For years the communist power has become one of the main actors of the global economic scenario. A recent sample has been the meeting held in Beijing between China and the countries that make up the Community of Latin American and Caribbean States (CELAC), in which Chinese President Xi Jinping has been received by his peers practically as a savior, unleashing a kind of competition among some leaders to see which one obtained more advantageous conditions with China.
In a world characterized by economic instability and uncertainty with the collapse of the price of raw materials and with increasingly pessimistic national growth rates, the Chinese announcement to invest US $ 250.000 million in the next decade in the Latin American region and The Caribbean is a siren song that is very difficult to resist, especially in some countries where only an injection of millions of dollars can relatively mitigate a disastrous economic management that is impossible to mask with bombastic political speeches.
China has made the decision to land in Latin America in an overwhelming way, not only because of the amount of capital it will use, but also because of its goal of increasing trade to US $ 500.000 billion annually.
The extensive tour of Latin America by the Prime Minister, Li Keqiang, showed clearly to what extent China has turned to this global area, which offers great growth potential and has definitely turned towards the Pacific, observing the Asian giant no longer as a business partner, but as one of the main drivers of its development.
The numbers of the commercial exchange between China and Latin America show a spectacular progression. The trade has been multiplied by 20 since 2000, the investment already exceeds the US $ 100.000 million and now Beijing has made this announcement of US $ 250.000 million to invest in the next decade.
And it's not just a matter of numbers, because Spain, for example, has been one of the two main foreign investors in Latin America for years and at 2013 it had an investment in the region of around US $ 115.000 million, considering it as its natural area of cultural and economic expansion. On the other hand the USA, has always considered the region as its backyard. In the case of China, it is a strategic political bet, and it now breaks with the strength of its economy and the initiative of ambitious projects, like another interoceanic canal or a terrestrial route that connects the Atlantic Ocean and the Pacific Ocean through Peru, Bolivia and Brazil.
In the case of the benefits that we Latin Americans will obtain from this new world panorama, the expectations are dissimilar, since it is well known that on the continent we are all equal, but some are more equal than others. This is the case of the preferential situation that Brazil has, for being a member of the BRICS, which is the identifying acronym to refer to the political and economic union of Brazil, Russia, India, China and South Africa.
Outside of the countries belonging to the BRICS, there is the close cultural and political relationship that China has with Peru, which makes that country a privileged one with respect to the Chinese interests and investments in the region and the most probable thing is that this disembarkation from China in Latin America it is done in Peru.
Source: Blueberriesconsulting.com - Martín Carrillo O.
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