MercoPress, en Español

Montevideo, June 22nd 2024 - 01:54 UTC

Tag: China

  • Thursday, June 13th 2024 - 10:43 UTC

    Milei leaves for G7 Summit with a plethora of good news

    Se espera que Milei exponga ante el G7 sobre el posible rol de Argentina como polo de desarrollo líder en inteligencia artificial

    After a day of good news following the Senate's broad approval of the Bases Law bill in addition to an arrangement with China to extend the currency swap in force, Argentine President Javier Milei and his entourage left for Borgo Egnazia, Italy, to attend the G7 Summit, during which he plans to hold talks with Prime Minister Giorgia Meloni, French President Emmanuel Macron and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, among other world leaders.

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  • Tuesday, June 11th 2024 - 11:55 UTC

    Chinese-Brazilian proposal on Ukraine gaining momentum

    Vieira and Wang are participating in a convention of BRICS foreign ministers in Nizhny Novgorod, Russia

    Foreign Ministers Wang Yi of China and Mauro Vieira of Brazil discussed their countries' joint proposal for peace in Ukraine while attending a BRICS ministerial meeting in Nizhny Novgorod, Russia.

  • Friday, June 7th 2024 - 20:01 UTC

    VPs of China and Brazil highlight joint achievements

    Han (R) and Alckmin co-chaired the COSBAN meeting in Beijing

    Vice Presidents Han Zheng of China and Geraldo Alckmin of Brazil discussed strengthening strategic coordination while co-chairing the seventh China-Brazil High-Level Coordination and Cooperation Committee (COSBAN) meeting in Beijing.

  • Friday, May 10th 2024 - 19:35 UTC

    Gen. Richardson warns of dangers of China's LatAm expansion

    Security and economic stability go “hand in hand,” Richardson insisted

    US Southern Command (Southcom) Chief General Laura Richardson warned during her appearance Thursday at the Ninth Hemispheric Security Conference (HSC) at the Florida International University (FIU) Miami campus, organized by the Jack D. Gordon Institute for Public Policy together with the Taeda Foundation that China's growing influence in building critical infrastructure in Latin America had raised security concerns. In addition, the region hardly benefits “from the resources that China extracts,” the four-star general stressed.

  • Friday, May 3rd 2024 - 10:59 UTC

    Mondino says all Chinese people look the same and becomes social media laughingstock

    Mondino was in Paris to negotiate Argentina's accession to the OECD

    Argentine Foreign Minister Diana Mondino took heavy social media flak Thursday after her remarks in a newspaper interview that all Chinese people looked the same. Therefore nobody could know whether or not the staff at the controversial base in the Neuquén province were scientists.

  • Wednesday, May 1st 2024 - 23:50 UTC

    Mondino assured of China's support for Argentina's stance regarding Malvinas/Falkland issue

    Beyond China's old support regarding the Malvinas/Falklands controversy, Mondino's trip seems to have yielded almost no results

    Although Argentine Foreign Minister Diana Mondino had the near-impossible task of putting her country on good terms with China despite President Javier Milei's disparaging campaign comments, some common ground was reached this week as the South American diplomat reaffirmed the one-China principle and Beijing backed Argentina's claim to the Falkland/Malvinas Islands.

  • Tuesday, April 30th 2024 - 11:16 UTC

    In 23 years bilateral trade between Latin America and China soared 35 times

    Brazil remains the main trade partner of China in the region and in a very special year, when the two countries are commemorating the fiftieth anniversary of diplomatic ties

    Trade between China and Latin American countries surpassed US$ 480 billion in 2023, compared to a mere US$ 14 billion back in 2000, based on data from the Customs Administration of the People’s Republic of China (AGA) and the UN Economic Commission for Latin America and the Caribbean, ECLAC.

  • Monday, April 29th 2024 - 10:59 UTC

    Mondino seeking to soothe ties with China after Milei's campaign announcements

    Mondino is aware that Argentina needs the currency swap with China extended despite Milei's tantrums

    Argentine Foreign Minister Diana Mondino is on a crusade in China to discuss bilateral issues with an economic giant with whom President Javier Milei had pledged during his campaign that he wanted no ties. “Not only will I not do business with China, I will not do business with any communist,” Milei announced repeatedly on his way to Casa Rosada.

  • Wednesday, April 10th 2024 - 11:06 UTC

    Another major Chinese construction and real estate developer ready to fall

    Like several other Chinese property developers, Shanghai-based Shimao defaulted on offshore bonds in 2022. Last month, it laid out detailed plans to restructure its debts.

    China Construction Bank (Asia), a state owned financial institution filed a petition in Hong Kong to wind up the Shamao Group, after the Chinese real estate and construction developer failed to repay loans worth HK$1.58bn (US$ 201.8m; £159.7m).

  • Wednesday, March 6th 2024 - 09:59 UTC

    Beijing ambitious 2024 growth target, 5%, but economists and circumstances are not convinced

    Premier Li Qiang said China plans to issue US$ 139 billion in treasury bonds over the next few years while offering support to debt-laden local governments

    China on Tuesday announced an ambitious economic growth target of 5% for 2024, vowing to “seek progress while maintaining stability” amid a sluggish economy and weak confidence among investors and consumers. This contrasts with the 5,2% reported for 2023 and 3% during 2022.

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