China's Navy Wednesday launched a new 10,000-tonne domestically designed and produced destroyer. The vessel, of the Type 055 class, is the first of a new generation of destroyers equipped with new air defense, anti-missile, anti-ship and anti-submarine weapons, and it is regarded as a challenge to naval rivals in Asia. The ship entered the water following a ceremony at Shanghai's Jiangnan Shipyard.Add your comment!
China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency issuer ratings by one notch to Aa3 from A1, a move that could lead to a rise in the cost of borrowing for the Chinese government and state-owned enterprises. The ratings agency also changed its outlook for China to stable from negative.
Argentine President Mauricio Macri and Chinese counterpart Xi Jinping have signed in Beijing 16 agreements worth at least US$17 billion in areas such as energy and transport infrastructure, confirming the close links between the two countries.
Foreign Minister Malcorra Susana said on Wednesday that Argentina has applied to join the China-led Asian Infrastructure Investment Bank (AIIB) and is willing to be actively involved in the Belt and Road Initiative.
Chinese President Xi Jinping pledged US$124 billion for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games.
Argentine president Mauricio Macri, First Lady Juliana Awada, and members of the official delegation were received on Sunday by Chinese president Xi Jinping and his wife at the Great Palace of the People, where they were hosted together with 27 world leaders in the framework of the One Belt, One Road, OBOR, Beijing's ambitious international cooperation forum.
Argentine president Mauricio Macri and a delegation of ministers and governors, are off for an Asian tour in search of investments that includes the Arab Emirates, China and Japan. The undertaking is looking for billions of dollars to help develop Argentina's infrastructure.
Argentine president Mauricio Macri and Alibaba Executive Chairman Jack Ma signed a Memorandum of Understanding (MOU) on Tuesday in Buenos Aires as a way to open up new trade opportunities and to support merchants that are marketing products on Alibaba's e-commerce platforms.
China has launched its first domestically designed and built aircraft carrier, state media said on Wednesday, as the country seeks to transform its navy into a force capable of projecting power onto the high seas. Adorned with colorful ribbons, the Type 001A ship transferred from dry dock into the water at a launch ceremony in the northeastern port city of Dalian, according to official broadcaster CCTV.
President Donald Trump has said his administration will not label China a currency manipulator, rowing back on a campaign promise. The US president also left open the possibility of re-nominating Janet Yellen as the head of the Federal Reserve, despite having criticized her.