Investment Fdi: China and Megawatt Turbines

investment fdi: China's foreign direct investment FDI into Latin America also stands to gain, according to Global Times China. For example, in November, the Coca Code Sinclair hydroelectric station, constructed by State-owned Power China International Group with capacity of 1,500 megawatts, went into operation in Ecuador. In the first half of 2016, trade between China and Latin America dropped 11.3 percent to 99.2 billion, partly due to the overall global sluggish demand, according to the Ministry of Commerce MOFCOM . Despite the decline, China still became the region's second-largest trading partner this year. In October, Envision Energy was awarded a contract to install its 2.5 megawatt turbines at four wind farms with total capacity of 186 megawatts in Argentina. At this time, projects like the hydroelectric station and turbines, with a focus on infrastructure and new energy, will provide these countries with the stimulus to upgrade their current economic structure, and even serve as a new engine of growth, Jiang Shixue, director of Latin American Studies at Shanghai University, told the Global Times on Tuesday. Resource-rich Latin American countries have struggled with plunging global commodity prices in recent years, which has hurt the region's export-driven economy. (news.financializer.com). As reported in the news.