As China's Economy Shifts, Will Latin America Be Affected?
A recent report published by the Deutsche Bank revealed that China is rebalancing their economy, creating potentially devastating effects for Latin America. The report highlights the declining growth of real GDP as China shifts from a production to consumption based economy. The shift will have the largest effect on countries that primarily trade natural resources with China. The lessening of dependence on Latin America for metals such as iron ore, copper and crude oil will specifically hurt Chile and Venezuela.