IFLR published an article titled "Beijing the Matchmaker" by Shearman & Sterling partner Michael McGuinness (New York-Mergers & Acquisitions) and senior associate Vanina de Verneuil (Beijing-Capital Markets) in its July/August issue.
The article looks at increased Chinese investment into Latin America, particularly in Brazil, Mexico, Peru and Colombia. According to McGuinness and de Verneuil, "In recent history, China and Latin America's relationship was based on need; China's need for Latin America's abundant natural resources and commodities, and Latin America's need for China's abundant capital." Today, the authors say, Chinese outbound investment into Latin America is increasing and expanding beyond Brazil's natural resources to other Latin American countries such as Mexico, Peru and Colombia. In the authors' view, China and Latin America are "on the crest of a new wave of strategic investment and development. This is due to Beijing's continuing role as matchmaker—driving outbound investment through its Going Out Policy and encouragement of international financing by China's state policy banks—the natural maturing of cross-border transactions between the two regions, and the strategic demand for resources and technology."
View article, "Beijing the Matchmaker"
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