China Shifts Latin America Investment Strategy Amid Economic Slowdown, Remains Renewable Energy Powerhouse
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China's economy has seen blistering growth for decades, but now faces signs of decline like deflation and falling foreign investment.
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Harsh economic times are forcing China to change its investment strategy in Latin America, shifting to strategic sectors like critical minerals and renewable energy.
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China remains Latin America's top trading partner, but its foreign direct investment in the region has declined by over half in recent years.
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China is likely to remain the global renewable energy superpower, with the IEA predicting it will add 56% of new renewable capacity globally through 2028.
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Lower solar PV costs are making renewables cheaper than coal in China, further driving the country's massive expansion in clean energy.