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Peru has benefited from China's opening-up

By Maria Osterloh | China Daily | Updated: 2018-12-04 07:14

China has achieved an average of 9 percent growth a year thanks to reform and opening-up, and its economic integration with international trade.

Four decades ago, as part of the modernization project of late leader Deng Xiaoping, the Chinese economy needed to attract foreign investment, import raw materials and technologies, and seek markets for its products.

China's demand for raw materials benefited Peru in the 1980s. During this period China became the main buyer of fishmeal from Peru, and also purchased metals such as zinc and lead, although in lesser amounts.

Peru has benefited from China's opening-up

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