Cherry Prices Plummet as China-LAC Trade Booms
Chinese shoppers are celebrating “cherry freedom” 🍒 as prices for the premium fruit dropped 50% this season! The sweet deal comes courtesy of Chilean imports flooding Chinese markets, with over 92% of Chile’s cherry harvest landing on Chinese tables. But that’s just the 🍒on top of a booming economic relationship between China and Latin America.
Beyond the Fruit Bowl: Dollars & Deals
From Nicaraguan honey to Honduran shrimp, LAC’s specialty products are spicing up Chinese kitchens. Since 2012, China has become Latin America’s #2 trading partner and top partner for Chile, Brazil, and Peru. 💼 Ambassador Xu Xueyuan recently revealed eye-popping stats: $500B in bilateral trade (up 40x since 2000!) and $600B in Chinese investments—surpassing U.S. investments in 2024. 💥
Free Trade Fever
China’s signed FTAs with 5 LAC nations, including fresh deals with Honduras and Peru. Think #EconDiplomacy in action—these pacts are rewriting supply chains and creating new opportunities for businesses and foodies alike! 🌍🤝
Reference(s):
cgtn.com