Strictly Business? An Examination of China’s Natural-
Resource Acquisition Strategy in Latin America
Over the past 30 years, China has experienced unprecedented economic growth, yielding an average GDP growth rate of 13.04 percent between 1979 and 2012, according to World Bank data. While China has followed an “export-driven” strategy to sustain its economic growth, the country’s domestic resource constraints have forced it to acquire vast amounts of resources from abroad. To this end, China has strategically engaged and strengthened its commercial ties with resource-rich regions, like Africa and Latin America. This policy brief focuses on China’s relationship with Latin America and, specifically, its natural-resource acquisition strategy in the region.