China's president Xi told the World Economic Forum in Davos on Monday that the “migrant crisis had been caused by war, conflict and regional turbulence,” not globalization. Similarly, the 2007/8 financial crisis was caused by “the excessive pursuit of profits and a lack of economic regulations,” he said.
World reactions to the death of the Cuban Revolution leader Fidel Castro who ruled the island for half a century have been as controversial as his life and influence in world affairs. “His revolutionary ideals left few indifferent”, Ban Ki-moon was quoted, and Pope Francis was more diplomatic and referred to the sad news and promised prayers to Cuba's patron Virgin.
Chinese President said that his country's alliance with Latin America and Caribbean countries was of strategic importance as he opened the Economic Commission for Latin America and the Caribbean (ECLAC) Media Leaders Summit in Santiago.
China appointed a new finance minister on Monday who is expected to maintain an expansionary fiscal policy and push reforms to put a lid on rising debt levels in the economy. Xiao Jie, a former tax chief and Minister of Finance deputy minister, was named minister of finance, the official Xinhua news agency said on Monday.
Uruguay and Argentina, and their cabinets will be meeting this Monday in Buenos Aires to address a bilateral agenda, which was agreed long before hand, but the real issue will not necessarily be trade, dredging canals, pulp mills, customs or facilitating people's movement, but rather the negotiations for a free trade agreement which supposedly Uruguay is about to begin discussing with China.
Argentine president Mauricio Macri announced in China that besides boosting and balancing bilateral trade and confirming the infrastructure and energy deals reached by his predecessor, Chinese tourists will no longer need visas to visit Argentina.
President Mauricio Macri got another big nod of support as US President Barack Obama highlighted him as one of the few national leaders setting an example for the world by going against a wave of protectionism gaining presence on a global scale, in a speech during the G20 conference.
Argentine president Mauricio Macri is off to Hangzhou, China for this first G20 summit where he is expected to hold bilateral talks with the host Xi Jinping, Russia's Vladimir Putin, Germany's Merkel and probably UK prime minister Theresa May.
China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.
China has agreed to review contracts signed with Argentina, which need modifications, for the sake of transparency, according to Buenos Aires sources, but the overall strategic relation between the two countries and a raft of accords in different fields stands and is expected to continue to grow.