China's new investment frontier – Argentina
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clpstaff &clp articlesBy Alejandro Candioti, Candioti Gatto Bicain & Ocantos
In 2010, the level of Chinese outbound investment in Argentina increased dramatically. Last year's investment in Argentina by Chinese companies is estimated to have reached US$8 billion, a mark that would have been unimaginable only five years earlier when the total figure barely reached US$20 million. Even as recently as 2009, total Chinese investment in Argentina amounted to US$137 million.
For 2011, Chinese investment commitments and announcements have already surpassed the amount of US$10 billion. In a detailed analysis published in December 2010, London's Financial Times defined Argentina, along with Brazil, as China's new investment frontier.
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