Argentina's beef exports could double in 2018 for a total of US$ 1.8 billion thanks to increased Chinese demand and a sharp devaluation of the peso currency, according to analysts and industry experts.
China which is home to the world’s largest pig herd, reported its fourth outbreak of the deadly African swine fever on Thursday, with more than 400 pigs infected as the disease entered a fourth province, fanning worries about its rapid spread. The infection killed 340 hogs on three farms in the coastal city of Wenzhou in eastern Zhejiang province, the Ministry of Agriculture and Rural Affairs said in a statement.
United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.
Hundreds of Google employees have written to the company to protest against plans to launch a censored search engine in China. They said the project raised urgent moral and ethical questions and urged the firm to be more transparent.
Argentina’s central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country’s largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation.
United States Defense Secretary Jim Mattis on Wednesday pledged closer defense cooperation with Argentina. Standing beside his Argentine counterpart, Oscar Aguad, Mattis said the military partnership can be strengthened and alluded to the help the U.S. Navy provided Argentina last November when one of its submarines went missing with 44 sailors aboard.
A series of postage stamps featuring two pig parents and three happy piglets has prompted speculation that China may be about to further ease its restrictions on the number of children to deal with its rapidly ageing population.
China’s state media said on Saturday the government’s retaliatory tariffs on US$60 billion in U.S. goods showed rational restraint, although in an opinion piece it still admonished the United States for blackmail and bullyboy tactics.
Jaguar Land Rover (JLR) has reported a loss for the first time in three years after sales slowed in China. The UK's biggest car firm, which is owned by India's Tata Motors, blamed the setback on multiple challenges.
China's offer of financial support to Argentina is the latest example of the Asian nation filling a vacuum in what has traditionally been the backyard of the U.S. While President Donald Trump has not paid a visit to Latin America since his inauguration in January 2017, China has stepped up its financial assistance to Argentina and worked to strengthen their trade ties.