PUNTA DEL ESTE, Uruguay – Chinese and Latin American business owners and executives met on Friday at the 11th China-LAC Summit to create a network of connections and establish projects across the two continents.
All morning long, hundreds of representatives of the Asian giant and the Latin American region talked business at the Punta del Este Convention Center.
“We’re getting to know Latin America and if there are any interesting projects we’d love to take part in them... especially if they’re related to renewable energy,” General Manager Xiaoming Zhu of China’s state-run Wenergy Group told EFE
The Asian entrepreneur said that during the summit, which began this Thursday, he has established some promising contacts with Argentine, Chilean and Uruguayan firms.
He also said that these business get-togethers are “a traditional way to explore commercial possibilities and serve as a platform for buyers and sellers to get to know each other face to face.”
For his part, the president of the Chinese advertising agency Vital Power Media, Hensen Xing, told EFE that during this event he has been able to establish “major contacts with the Latin American companies that are here, mainly to do with tourism.”
Hensen Xing said he’s going to pass those contacts along to his assistants “to establish working relationships for the future.”
The regional leader for Latin America of the RSM consultancy, Brendan Quirk, noted that on this third day of the China-LAC Summit, he has made “many contacts.”
“We’re stacking up contacts for the next stage, which will be to meet in the country where they are based. Whether they have representation in the region or not, we’ll remain in contact to discuss future opportunities,” said the American based in Chile.
The businessman, who also attended last year’s summit, said that “previously there were strong relations with China, but only for exporting.” Now, however, “there’s much more investment in services, infrastructure and development.”
In that regard, the Uruguayan director of Arrospide Otegui and Sons, Juan Luis Arrospide, said that during the summit his company has “found a certain excitement among Chinese entrepreneurs about expanding here,” either by setting up a business in the region, making investments here or by organizing imports to their own country.”