Latin America's trade deficit with China jumped to 6.6 billion dollars last year from only 150 million in 2011, according to an analysis by online publication Latinvex based on new data from the IMF. Total trade between China and Latin America grew 8% last year to 255.5bn which means the region’s trade with China is growing faster than with the United States, 6.2%.
Uruguayan President Jose Mujica begins on Wednesday the longest and most ambitious of his overseas trips hoping to convince China to invest in infrastructure projects that are crucial for the development of the country and its foreign trade: a deep water port and recovering the rail cargo network.
Chinese Vice President Li Yuanchao on Tuesday asked the Venezuelan government for efficiency in managing an agro-industrial plant it has begun building near Caracas with a 52 million dollars investment from Beijing.
Argentina is negotiating with China a new 10 billon dollars equivalent swap of international reserves support based on the experience of 2009 when the global financial crisis. The new accord should theoretically help Argentina strengthen its international position vis-à-vis the run on the dollar (or the flight from the Peso) and which has cost the Central bank 4 billion dollars so far this year.
Visiting Chinese Vice-president Li Yuanchao expressed on Friday “full support for Argentina’s sovereign claims over the Malvinas Islands” while his Argentine peer, Amado Boudou matched his words ratifying the ‘one China’ policy.
China is determined to advance in mutually beneficial cooperation with Argentina visiting Chinese Vice President Li Yuanchao said on his arrival on Thursday to Buenos Aires. He underlined that the new Chinese leadership will continue to perceive and develop bilateral relations from a long-term strategic perspective.
China has raised concerns about European Union plans to negotiate an ambitious free trade deal with the United States, fearing it is a protectionist move and at the same time Beijing new administration is doubling efforts towards Latinamerica and Africa.
Uruguay has formally requested Pope Francis to receive President Jose Mujica when he travels at the end of the month to China, Spain and Italy. Mujica is an agnostic and Uruguay is one of the few Latinamerican countries in which the Catholic Church has been separated from the State for almost a century.
Chinese scientists have confirmed for the first time that a new strain of bird flu that has killed 23 people in China has been transmitted to humans from chickens. In a study published online in the Lancet medical journal, the scientists echoed previous statements from the World Health Organization (WHO) and Chinese officials that there is as yet no evidence of human-to-human transmission of this virus.
Australia’s beef and veal exports for March increased 5% year-on-year, to 87,742 tonnes swt, with the Chinese market again setting a monthly record high, at 12,320 tonnes swt (Department of Agriculture, Forestry and Fisheries).