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Latin American Economic Outlook 2016

Towards a New Partnership with China

image of Latin American Economic Outlook 2016

The Latin American Economic Outlook 2016 is devoted to the evolving relationship between Latin America and China, as well as its prospects in the long term. China's transformation involves a gradual shift in its development strategy, including the rebalancing process from investment to consumption, the demographic transition, the structural transformation towards high value-added goods and services, and a "going-out" policy to approach other regions. This report lays the ground for discussing future trends in the relationship between China and Latin America, given these changing patterns. Based on the analysis of potential transmission channels of China’s new model to the region, which include issues on trade, finance and skills, the outlook aims to identify strategies and policy responses for Latin America to overcome development challenges. Latin America and China can complement each other further and build a mutually beneficial partnership for development.

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Argentina

OECD Development Centre

China is Argentina’s second trading partner after Brazil, with the export basket mainly concentrated in commodity products. In 2014, 7% of Argentina’s exports were destined to China, and 16% of the country’s total imports came from China. Argentina’s value-added exports to China are concentrated in the agricultural sector (57%), with a smaller participation of mining (6%), low- to high-tech products (20%) and services (17%). In contrast, the majority of value-added imports from China (67%) are from medium-high and high-tech industries.

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