Tag: China
ChinaChina’s April exports to Argentina fell 34.4%, largest monthly drop since 2009
China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.
China to take measures to boost demand fearing economy slowdown
China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy. The government said it will encourage private investment in sectors such as energy, railways and telecommunications.
China opens its market to Chilean beef and lamb plus avocados and berries
China has opened its market to Chilean meat, avocados and blueberries following the visit of Agriculture minister Luis Mayol who anticipated further discussions for the sale of live cattle and dairy produce.
China’s trade feeling the pinch of EU recession and US anaemic recovery
China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.
China buying oil from Iran using the Yuan, reveals Teheran ambassador in UAE
China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.
Brazil committed to compete with China in Africa for resources and growing market
Brazil pledged major investment and technology transfer to Africa to repay a “solidarity debt” from a country with a huge black population to the poorest but resource-rich continent.
YPF nationalization allegedly killed Repsol’s Chinese option to leave Argentina
China's state-owned Petrochemical Corp (Sinopec) spokesman Huang Wensheng came on stage to play down rumours indicating that Argentina's move to nationalize local oil company YPF, controlled by Spain's Repsol, has spoiled years of planning by Sinopec to buy the energy giant.
“We don't comment on market rumours,” Wensheng said.
“Corruption the greatest threat” to the ruling party admits China’s Wen Jiabao
An influential Chinese journal has reprinted comments from China's premier calling for tougher anti-corruption rules, as a political scandal deepens. Wen Jiabao said corruption was the greatest threat to the ruling party
China allows wider flotation margin for the Yuan against the US dollar
China will allow the Yuan to trade in a wider daily range against the US dollar from Monday, taking another major step to further liberalise its exchange rate regime and make its currency more market oriented.
China’s inflation rebounds in March conditioning easier monetary policy
China's inflation rebounded slightly in March after logging an extremely low growth in February, backing lingering uncertainty regarding the country's ability to contain price rises.
