Better days ahead.
Credit to a press wire for positive reporting on China where and when it is due.
Read the International Institute for Environment and Development (IIED) study here.
Thanks to ChinaSouthAmerica for the heads up.
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Chinese investors become responsible in Latin America – study
By Megan Rowling
Source: Thomson Reuters Foundation, published – Thu, 9 May 2013
Pelicans gather as fishermen unload anchovies from ship at north Peru port of Chimbote. Peru, world’s top fishmeal exporter, sells anchovies as fishmeal for pigs in China. Picture December 14, 2012. REUTERS/Enrique Castro-Mendivil
LONDON (Thomson Reuters Foundation) – Chinese investors in Latin America are showing greater awareness of the social and environmental impacts of their business activities, and have started applying standards to make trade more sustainable, a research report said on Thursday.
The study from the International Institute for Environment and Development (IIED) looked at investment by Chinese state-owned enterprises in Peru, Brazil and Chile, in the mining, agriculture and forestry sectors. China is expected to overtake the European Union to become Latin America’s second-largest trade partner next year, after the United States, it noted.
“While Chinese companies have often been accused of performing worse in terms of sustainability than their foreign and domestic counterparts, evidence for this is far from conclusive,” said Emma Blackmore, the report’s lead author.