Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, May 1st 2024 - 09:02 UTC

Tag: China

  • Thursday, March 23rd 2023 - 10:30 UTC

    Brazil confident China's beef market is recovering, but at lower prices

    According to data from the Foreign Trade Secretariat (Secex), the ton of beef was sold for US$ 4,822.90, on average, at the beginning of this month

    The price of beef (fresh, chilled or frozen) exported by Brazil mainly to China in the first week of February maintained the downward trend of the last eight months, but, according to analysts, the trend now is for prices to recover in the rest of the year, although to levels lower than those observed in June.

  • Wednesday, March 22nd 2023 - 10:11 UTC

    Beijing authorities and financial system confirm Chinese economy rebound; PBC increases liquidity

    China reported stronger-than-expected credit growth for February, buoyed by corporate borrowing, recovering consumer confidence and investment

    China's economic rebound has been confirmed by a surge in market demand for short-term funds, with liquidity becoming tighter in the inter-banking system, according to the country's financial market data tracker gelonghui.com.

  • Thursday, March 16th 2023 - 09:37 UTC

    China in US' backyard: Honduras wants to cut links with Taiwan; Panama and Beijing working of free trade accord

    Honduran President Xiomara Castro, who said her country is seeking to establish diplomatic relations with China

    China welcomed on Wednesday the latest remarks by Honduran President Xiomara Castro, who said her country is seeking to establish diplomatic relations with China. In response to this, Wang Wenbin, spokesperson of the Chinese Foreign Ministry, said at a press conference on Wednesday that 181 countries around the world have established diplomatic relations with China on the basis of the one-China principle, which fully proved that establishing diplomatic relations with China is a correct general historical and political trend.

  • Monday, March 13th 2023 - 10:31 UTC

    China appoints Defense Minister sanctioned by the US

    General Li Shangfu is regarded as a technocrat specializing in aerospace

    Chinese President Xi Jinping Sunday announced he had picked General Li Shangfu for the position of Defense Minister despite sanctions by the US Government against the newly-appointed official for approving arms purchases from Russia. Xi Jinping has kept Finance Minister Liu He and Central Bank Governor Yi Gang in their posts.

  • Monday, March 13th 2023 - 08:54 UTC

    Will Australia's Navy have nuclear submarines?

    Western powers are upping their military deployments given China's growing presence in the Indo-Pacific

    Prime Ministers Rishi Sunak of the United Kingdom and Anthony Albanese of Australia are to discuss Monday with US President Joseph Biden the so-called AUKUS defense pact in San Diego, California, which could culminate the delivery of nuclear submarines to the Royal Australian Navy. Britain, the US, and Australia announced the AUKUS plan in 2021 to counter China's growing military presence in the Indo-Pacific.

  • Saturday, March 11th 2023 - 08:05 UTC

    US Southern Command Chief warns of Chinese expansion in South America

    Gen. Richardson warned lawmakers about the consequences of the US neglecting South America for so long

    General Laura Jane Richardson, the head of the US Southern Command, told the House of Representatives this week that “China continues to expand its influence” in Latin America and “manipulates” its governments through “predatory investment practices.”

  • Friday, March 10th 2023 - 10:34 UTC

    Xi Jinping wins unprecedented third term as Chinese President

    Xi Jinping won by 2,952 votes in favor, none against, and no abstentions

    Xi Jinping has become the longest-serving president of the People's Republic of China since its founding in 1945 after being elected once again for a third five-year term. He was also chosen chairman of the Central Military Commission by a National People's Congress (NPC) plenum.

  • Tuesday, March 7th 2023 - 15:06 UTC

    Uruguay-China’s FTA is “improving” at a slower pace, President Lacalle says

    “Perhaps the speed that one would like is not the one we have today. The processes of those giant countries are not like ours,” Lacalle stated.

    The President of Uruguay, Luis Lacalle Pou, referred to the Free Trade Agreement (FTA) with China. In an interview with the Argentine radio program “Alguien tiene que decirlo” (Radio Mitre), Lacalle stated that negotiations with Chinese authorities are “progressing”. However, the processes of the Asian country advance at a “slower” pace, the head of the South American Government said.

  • Thursday, February 16th 2023 - 20:54 UTC

    Ecuador and Peru fighting a losing battle with China on giant squid fishing in the southeast Pacific

    The squid catch has increased: in the last five years alone, between 800,000 tons and 1.16 million tons have been caught. China has a declared fleet of 671 ships.

    Giant squid, squid or Dosidicus gigas, measures up to 3 meters in length and can reach 50 kilos in weight. It is one of the main species of the southeastern Pacific Ocean and at the same time it is one of the species with the greatest commercial pressure in the world. Thousands of tons are extracted every month, a large part, from the international waters located off the seas of Ecuador, Peru and Chile. The main player behind that voracious appetite is China: it has a declared fleet of 671 ships.

  • Monday, February 13th 2023 - 14:41 UTC

    Significant drop in prices China is prepared to pay for beef

    As a result, overall export sales grew by just 7%, against volumes 17% above, at US$ 851.2 million and 183.800 tons of fresh and processed product.

    China purchased much more beef in January than in the same month of 2022, but paid much less. In effect during most of the second half of 2022, China was prepared to pay up to US$ 6,200a ton of prime beef protein, but since last month it dropped drastically to US$ 4,800 the ton, forcing a renegotiation of volumes and having an impact on the overall industry.