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Country Report Guyana Product Image

Country Report Guyana

  • Published: August 2014
  • Region: Guyana
  • 28 Pages
  • The Economist Intelligence Unit

Since the 2008 global financial crisis, the Chinese government and its state-owned enterprises have become an increasingly important source of aid, investment and infrastructure financing for members of the Caribbean Community (Caricom). Additionally, an import-reliant Caricom has increased its spending on cheap Chinese products and is seeking to position itself as a destination for the country's tourists.

Unlike Chinese forays into the commodity-rich regions of Africa and South America, most Caricom member states are tourism-dependent and lack significant natural resources. China's heightened interest in the region in past decades was driven by the "one China policy"-its desire to attract diplomatic support for exclusive recognition by international organisations at the expense of Taiwan. But for now, economic, not overtly political, motivations appear to drive China's new-found role in the region. Caricom members are, despite some scepticism, welcoming this interest with open arms.

On China's own statistics, foreign direct investment to the Caribbean, including to non-Caricom members, quadrupled from US$88m in 2003 to US$469m in 2011. Much of this-the figures do not READ MORE >

Country Report Guyana

China tightening Caribbean ties
Increasing investment
Trade balance
Other suitors

Amgen

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