A leading Chinese heavy machinery firm has made an export breakthrough for the country in supplying wear-resistant machinery parts to South America.
Chinese companies have been well received at Cuba's technology fair held here on March 18-22, said organizers Wednesday.
Industrial and Commercial Bank of China Ltd, the world's largest lender by market value, said on Friday it has set up a subsidiary in Sao Paulo, Brazil, Latin America's largest economy.
CSR Sifang Co said Saturday that the company has obtained a contract worth over 3.4 billion yuan ($539.68 million) to supply electric multiple unit train sets for Argentina.
It is touted as the most favorable destination for foreign companies in the Latin-American region, but China's investment in Chile has been surprisingly small.
As the demand from developed markets, especially the European Union, decreases sharply, Chinese companies should be encouraged to export goods to Latin America.
ICBC got the green light from Brazilian regulators to operate a subsidiary in the Latin America's largest economy.
The State Grid Corporation of China has won a bid for a power transmission project in Brazil, the company announced.
Peru expects to expand its non-traditional exports to China over the next five years as it strives to reduce reliance on mineral trade with China.
Peru is one of the world's top 12 mining countries, possessing rich reserves of copper, zinc, silver, iron ore and oil.
This has proved attractive to a number of companies from around the world.
Chinese enterprises are learning to adjust to various new obstacles to doing business in Peru, including environmental rules, strikes and local laws.
Zhejiang Geely Holding Group will set up a vehicle assembly plant in Brazil with an investment of $311 million, Brazilian magazine Veja reported.
Brazil is becoming an increasingly attractive investment destination for China's listed companies, the China Association for Public Companies said.
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