Peru's Prosecution Office has launched an investigation into China’s COSCO Shipping Ports Ltd after a landslide at one of the company’s tunnel construction sites at the major mega-port of Chancay in the country. The incident, which took place in the coastal province of Huaral, damaged at least four houses near the tunnel and forced the company to suspend construction.
Ecuador and China signed a free trade agreement (FTA) whereby the South American country will have access to a market of 1.4 billion people, it was reported in Quito on Wednesday. It was the second such pact signed under the administration of President Guillermo Lasso, following the one reached with Costa Rica.
Minerva Foods, South America’s largest animal protein exporter, ended the first quarter of this year with a net income of R$ 114 million, (Some five Reais to the US dollar).The result was only 0.5% lower than in the same period of 2022, despite the temporary interruption of shipments of Brazilian beef to its leading buyer, China.
The explosive inflation situation in chaotic Argentina, close to 120% in twelve months, with the CPI at 7,7% in March ( and roaring during the three weeks of April) is showing that the country is incapable of supplying the necessary demand for bills and thus must appeal to the printing in foreign mint houses, of billions of Argentine bills.
China became a controversial topic in discussions on Monday as the foreign ministers of the Group of Seven (G7) major economies gathered in Japan for a second day of talks, with the European Union divided as to how react to a Taiwan major conflict.
Energy cooperation helped China's overall trade with Russia maintain its strong growth momentum in the first quarter with an increase of 38.7% from a year earlier, far outpacing the growth of China's total trade.
Brazilian President Lula da Silva on Thursday in Shanghai visited the headquarters of the BRICS New Development Bank (NDB) and Huawei's technology development center. At the NDB, Lula met with NDB President Dilma Rousseff, and delivered a speech to the staff. It was the first time that a head of state had paid a visit to the bank.
The following is the editorial from the Chinese Communist Party daily Global Times on Brazilian president Lula da Silva visit to China.
Uruguay's Foreign Minister Francisco Bustillo is leaving shortly for China on a mission to narrow the gap for the South American country to reach a Free Trade Agreement with the Asian giant, it was reported in Montevideo.
Brazilian president Lula da Silva begins today a four day official visit to China, (April 11/14), hosted by Xi Jinping at a time when both leaders have great foreign policy plans: Lula wants Brazil back in the grand chessboard and Xi is intent in trying to present his country as a global power that can rival (defy) the US.