IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.08▼ 0.28% USD/MXN17.39▼ 0.20% USD/CLP931.13▼ 0.36% USD/COP3,247▼ 0.66% USD/PEN3.40▲ 0.16% USD/ARS1,479▼ 0.17% USD/UYU40.19▲ 1.43% USD/PYG6,031▲ 1.52% USD/BOB10.75▲ 2.22% USD/DOP58.25▲ 0.71% USD/CRC447.35▲ 1.43% USD/GTQ7.62▼ 0.05% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59— 0.00% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.06% BRENT 90.96 ▲ 1.95% WTI 84.43 ▲ 1.44% IRON ORE 161.91 — — COPPER 6.52 ▲ 3.43% GOLD 4,058 ▲ 1.19% SILVER 58.89 ▲ 3.68% SOY 1,223 ▼ 0.27% CORN 469.75 ▲ 4.51% WHEAT 669.00 ▼ 0.74% COFFEE 327.75 ▼ 1.99% SUGAR 14.86 ▲ 0.27% ORANGE JUICE 145.20 ▼ 1.49% COTTON 79.51 ▲ 2.77% COCOA 5,619 ▲ 1.79% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 68.53 ▲ 2.41% PETR4 41.30 ▲ 0.36% VALE3 72.54 ▲ 0.85% ITUB4 42.30 — 0.00% BBDC4 18.44 ▲ 0.16% ABEV3 15.82 ▲ 0.19% BBAS3 20.20 ▲ 0.15% B3SA3 15.27 ▲ 0.07% WEGE3 43.09 ▼ 0.09% PRIO3 58.17 ▲ 0.83% SUZB3 41.75 ▼ 0.33% RENT3 37.12 ▼ 0.99% AZZA3 18.25 ▲ 0.44% CSAN3 3.79 ▼ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.64 ▲ 1.54% GMAT3 3.83 ▼ 0.52% PSSA3 53.24 ▼ 1.77% CVCB3 1.09 ▲ 0.93% POSI3 3.69 ▼ 0.27% SLCE3 13.59 ▲ 0.15% NATU3 8.68 ▲ 0.58% BRKM5 5.99 ▲ 0.84% RANI3 7.97 ▼ 0.25% CSNA3 5.08 ▲ 0.20% CMIN3 5.40 ▲ 0.19% USIM5 8.21 ▲ 0.61% GGBR4 23.64 ▲ 0.08% ENEV3 25.53 ▼ 0.47% CPFE3 46.51 ▲ 0.41% CMIG4 11.00 ▼ 0.18% EQTL3 39.17 ▼ 0.31% LREN3 13.30 ▼ 0.08% VIVT3 35.51 ▼ 0.45% RAIL3 13.45 ▼ 0.88% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.54 ▼ 0.80% RDOR3 34.49 ▼ 2.71% HAPV3 11.30 ▼ 2.16% FLRY3 16.50 ▼ 0.36% SMTO3 15.58 ▲ 1.10% UGPA3 31.38 ▼ 1.01% VBBR3 33.93 ▼ 0.53% BBSE3 40.89 ▼ 0.39% BPAC11 56.03 ▲ 0.34% CURY3 30.38 ▲ 0.63% AERI3 2.08 ▲ 0.48% VIVARA 21.89 ▼ 0.32% COMPASS 24.71 ▲ 0.45% VAMOS 3.11 ▲ 0.65% SANB11 27.35 ▲ 1.26% ASAI3 8.22 ▲ 0.98% SBSP3 28.90 ▼ 0.28% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▲ 0.44% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 — 0.00% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,461 ▲ 1.89% ETH 1,934 ▲ 1.57% SOL 78.31 ▲ 0.67% XRP 1.14 ▲ 2.57% BNB 576.53 ▲ 1.02% ADA 0.18 ▲ 3.37% DOGE 0.07 ▲ 1.57% AVAX 6.63 ▲ 0.82% LINK 8.71 ▲ 1.45% DOT 0.86 ▲ 3.86% LTC 47.61 ▲ 0.58% BCH 225.60 ▲ 2.59% TRX 0.33 ▲ 0.62% XLM 0.19 ▲ 2.83% HBAR 0.07 ▲ 2.48% NEAR 1.98 ▲ 0.07% ATOM 1.50 ▲ 0.33% AAVE 94.37 ▲ 5.12% SELIC 14.25% EMBRAER 83.58 ▲ 0.35% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.96 ▲ 0.28% MBRF3 14.81 ▲ 2.00% MBRFY 2.83 ▼ 2.75% INTER 5.62 ▲ 4.66% IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,223,652 — 0.00% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL 5.08 ▼ 0.24% USD/MXN 17.40 ▼ 0.19% USD/CLP 931.34 ▼ 0.34% USD/COP 3,243 ▼ 0.80% USD/PEN 3.40 ▲ 0.14% USD/ARS 1,478 ▼ 0.24% USD/UYU 40.19 ▲ 1.43% USD/PYG 6,031 ▲ 1.52% USD/BOB 10.75 ▲ 2.22% USD/DOP 58.25 ▲ 0.71% USD/CRC 447.35 ▲ 1.43% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.60% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.04% BRENT 90.96 ▲ 1.95% WTI 84.43 ▲ 1.44% IRON ORE 161.91 — — COPPER 6.52 ▲ 3.43% GOLD 4,058 ▲ 1.19% SILVER 58.89 ▲ 3.68% SOY 1,223 ▼ 0.27% CORN 469.75 ▲ 4.51% WHEAT 669.00 ▼ 0.74% COFFEE 327.75 ▼ 1.99% SUGAR 14.86 ▲ 0.27% ORANGE JUICE 145.20 ▼ 1.49% COTTON 79.51 ▲ 2.77% COCOA 5,619 ▲ 1.79% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 68.53 ▲ 2.41% PETR4 41.30 ▲ 0.36% VALE3 72.54 ▲ 0.85% ITUB4 42.30 — 0.00% BBDC4 18.44 ▲ 0.16% ABEV3 15.82 ▲ 0.19% BBAS3 20.20 ▲ 0.15% B3SA3 15.27 ▲ 0.07% WEGE3 43.09 ▼ 0.09% PRIO3 58.17 ▲ 0.83% SUZB3 41.75 ▼ 0.33% RENT3 37.12 ▼ 0.99% AZZA3 18.25 ▲ 0.44% CSAN3 3.79 ▼ 0.79% RAIZ4 0.28 ▲ 3.70% PCAR3 2.64 ▲ 1.54% GMAT3 3.83 ▼ 0.52% PSSA3 53.24 ▼ 1.77% CVCB3 1.09 ▲ 0.93% POSI3 3.69 ▼ 0.27% SLCE3 13.59 ▲ 0.15% NATU3 8.68 ▲ 0.58% BRKM5 5.99 ▲ 0.84% RANI3 7.97 ▼ 0.25% CSNA3 5.08 ▲ 0.20% CMIN3 5.40 ▲ 0.19% USIM5 8.21 ▲ 0.61% GGBR4 23.64 ▲ 0.08% ENEV3 25.53 ▼ 0.47% CPFE3 46.51 ▲ 0.41% CMIG4 11.00 ▼ 0.18% EQTL3 39.17 ▼ 0.31% LREN3 13.30 ▼ 0.08% VIVT3 35.51 ▼ 0.45% RAIL3 13.45 ▼ 0.88% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.54 ▼ 0.80% RDOR3 34.49 ▼ 2.71% HAPV3 11.30 ▼ 2.16% FLRY3 16.50 ▼ 0.36% SMTO3 15.58 ▲ 1.10% UGPA3 31.38 ▼ 1.01% VBBR3 33.93 ▼ 0.53% BBSE3 40.89 ▼ 0.39% BPAC11 56.03 ▲ 0.34% CURY3 30.38 ▲ 0.63% AERI3 2.08 ▲ 0.48% VIVARA 21.89 ▼ 0.32% COMPASS 24.71 ▲ 0.45% VAMOS 3.11 ▲ 0.65% SANB11 27.35 ▲ 1.26% ASAI3 8.22 ▲ 0.98% SBSP3 28.90 ▼ 0.28% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▲ 0.44% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 675.00 ▲ 1.66% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 294.50 ▼ 1.09% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 — 0.00% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 66,461 ▲ 1.89% ETH 1,934 ▲ 1.57% SOL 78.31 ▲ 0.67% XRP 1.14 ▲ 2.57% BNB 576.53 ▲ 1.02% ADA 0.18 ▲ 3.37% DOGE 0.07 ▲ 1.57% AVAX 6.63 ▲ 0.82% LINK 8.71 ▲ 1.45% DOT 0.86 ▲ 3.86% LTC 47.61 ▲ 0.58% BCH 225.60 ▲ 2.59% TRX 0.33 ▲ 0.62% XLM 0.19 ▲ 2.83% HBAR 0.07 ▲ 2.48% NEAR 1.98 ▲ 0.07% ATOM 1.50 ▲ 0.33% AAVE 94.37 ▲ 5.12% SELIC 14.25% EMBRAER 83.58 ▲ 0.35% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.96 ▲ 0.28% MBRF3 14.81 ▲ 2.00% MBRFY 2.83 ▼ 2.75% INTER 5.62 ▲ 4.66%
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Analysis: Self-absorbed U.S. anxious over multiplying Chinese Latin America vaccine deals

By · February 24, 2021 · 3 min read

Daily Brief

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By Zhang Han

RIO DE JANEIRO, BRAZIL – The US is getting anxious amid news that Chinese COVID-19 vaccines are being delivered to more Latin American countries, including Uruguay that will receive its first batch from Sinovac on Thursday, while Pfizer deals with the region appear slow.

Self absorbed U.S. anxious over multiplying Chinese Latin America vaccine deals
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Seeing Latin American countries’ normal vaccine cooperation with Chinese firms as “threats” to its backyard, the US cannot abandon its hegemonic mind-set despite being mired in domestic crises, observers said.

The first batch of 198,000 doses Sinovac vaccines will arrive in Uruguay on Thursday, local media reported. The country also purchased from Pfizer/BioNTech, and the first shipment is scheduled in March.

Argentina approved emergency use of Chinese producer Sinopharm’s vaccines on Sunday and the shipment of the first one million doses will arrive in the next few days, Buenos Aires Times cited Argentina’s new Health Minister Carla Vizzotti as saying on Monday.

Argentina started its vaccination program in December 2020 with Russian vaccines. It greenlighted Pfizer vaccines the same month, but Deutsche Welle reported Sunday that the hard-hit country did not administer a single Pfizer dose, except 3,000 people who volunteered in the Phase III clinical trials in August 2020. The deal was struck partly due to the transport costs as the Pfizer-BioNTech vaccine requires extremely low temperatures.

For major regional country Brazil, despite President Bolsonaro’s pro-US stance, the country has so far received mostly AstraZeneca-Oxford and Sinovac vaccines.

Mexico received the raw materials for 2 million doses of the one-shot CanSino vaccine developed by China and approved the emergency use of Sinovac vaccines on February 10 after Pfizer production delays resulted in vaccinations coming to a near standstill, media reported.

Peru began vaccinating citizens with 300,000 Chinese Sinopharm doses on February 9. The country earlier had a 20 million-dose deal with Pfizer, with 500,000 doses to arrive by April and half of it in March.

Chile and Columbia have also received batches of Chinese vaccines, according to media reports.

But such cooperation with developing countries is frequently referred to as “vaccine diplomacy” and the Wall Street Journal covered it with the headline “China deploys Covid-19 vaccine to build influence, with US on sidelines.” The Associated Press also reported that China’s growing economic and diplomatic influence in the region has worried US policymakers as a “national security threat.”

Chinese experts pointed out such thoughts were misjudging China’s activities based on the US’ own zero-sum mind-set. It has the tradition of cultivating an agent adjacent to competitors and expects China to do the same.

Xu Shicheng, a research fellow at the Institute of Latin American Studies at the Chinese Academy of Social Sciences (CASS), said on Tuesday that China’s vaccine deals are not exclusive and China always welcomes joint cooperation with Latin American countries.

“China does not aim to and cannot take all vaccine orders from the region. The US should be their priority supplier, but the reality is the US is busy with its own affairs,” Xu said.

Pfizer vaccines are first given to Americans and core US allies, while Latin America falls far behind on the waiting list, analysts said.

Lü Xiang, a research fellow on US studies at the CASS in Beijing, said that the Monroe Doctrine is still dominating so that the US is anxious of losing its backyard.

China not only provides vaccines but also authorizes local production. As for loans, they are non-discriminatory with no political strings attached, Lü added, noting the US cannot stop politicizing the vaccine and other issues.

Politicizing the pandemic is the primary cause of the US’ domestic failure in its coronavirus response, and the same logic is seen in foreign policy when the world should be united to emerge from the pandemic, the expert said.

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