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2014-05-15 22:17 Economy

Significant growth in Argentina's economic relationship with China

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The next visit of President Xi Jinping, China's global leadership, investments in Argentina and the Chamber of Argentine China role were among the topics discussed with the Director of the institution, Ernesto Fernández Taboada

  • The Argentine Chamber China, Executive Director, Ernesto Fernandez Taboada. Significant growth in Argentina's economic relationship with China
    The Argentine Chamber China, Executive Director, Ernesto Fernandez Taboada. Significant growth in Argentina's economic relationship with China
  • Xi Jinping
    Xi Jinping
  • Significant growth in Argentina's economic relationship with China
    Significant growth in Argentina's economic relationship with China

China's growth to levels that will soon surpass the United States as a leader in the global economy, investments in Argentina and the upcoming visit of President Xi Jinping, become more interesting and necessary to know the Asian giant. In the offices of the Argentine Chamber China we receive your Executive Director, Ernesto Fernandez Taboada.

There introductory gives us data that can not be ignored. "China has an economy that is progressing every year, GDP is increasing by an average of 8 percent annually last year and 7.5 percent have 1,350 million inhabitants of which 300 million are middle class and a must comparison reminds us that the United States has a total of 300 million people. "But obviously the key to China's economy amid the global crisis has been accompanied by political change, openness and the need to target the domestic market to the detriment of the old paradigm of "the world's factory."

Fernández Taboada confirms that "the growth of the middle class in China is considered to be constant and by 2023 there will be 600 million people in the middle class will double, plus urban dwellers are more than 730 million people, obviously urban residents have better wages than rural and this brings a dynamic economy and is what China has cleverly done over the years to try to supplant the deficit demand from European countries and the United States due to the crisis finance have supplanted external demand with increasing domestic demand and enabled them to grow, so less 7.5 percent per year, the last year ".

The visit of President Xi Jinping: Recalling the recently told by Chinese Foreign Minister visiting Argentina, visiting top Chinese leader would be a fact. "Chinese President comes to a meeting of BRICS in Brazil are the most important emerging countries: Brazil, Russia, India, China and South Africa," says Fernández Taboada. "Then it will come to Argentina and assign great importance to this visit, probably being committed financing for the 2 hydroelectric dams to be done in the province of Santa Cruz, Néstor Kirchner and Jorge Cepernic dams that have a need for investment are around 400 million dollars. "

Of course there are other issues to try and deepen the relationship between them that links the two countries. Businesses are multiple and "also include the renovation of all branches of the Belgrano railroad north, which includes rolling stock and tracks for about 2,600 million. If you add purchases has done in us and locomotive we are turning to China in an interesting country to do business, public works and make investments. as well as a food supplier country for China. "

 

 

Counseling Argentine Chamber China companies that want to do business. "The businessman who never traveled and has done business with China must do what we call primary school. Doing business with China is not the same as doing it with Brazil or Germany, culture and thought of a Chinese businessman is different from a Western businessman. Chinese thought is influenced by Confucius.

It scores very special patterns, customs are different. We try to give the course a small business protocol and business culture in China and try to see what they want to export and see if we see potential for that product, to advise. Then connect them and give them tools so that you can achieve that bargain they want. "

Mission to China in September, "This year we will make a trade mission in September to a Chinese city where they will hold the Eighth China Business Summit Latin America in Hunan Province, with the participation of 350 to 400 Chinese businessmen and the same amount of business in Latin America that lasts 2 days and exchange cards, meet and start talking about projects, "says Ernesto Fernandez Taboada.

traslation: Belén Zapata

By Karina Giorgenello, @ABCMundial

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