Latin America and Africa will continue to profit from the projected surge in Chinese commodity imports. Latin America share in Chinese imports doubled while Africa rose fourfold in the last decade. In Africa, China mainly buys oil and metals, while Latin America has benefited from Chinas rising demand for agricultural products.
Chinese investments in the two regions will increase. Driven by economic, political and strategic considerations, Chinese firms have increased investment activity abroad. While Latin America and Africa still receive only about 1-2% of Chinas overseas direct investment (ODI), excluding round-tripping, this will likely increase significantly in the medium term.