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MercoPress, en Español

Montevideo, April 26th 2025 - 09:48 UTC

Tag: China

  • Friday, June 15th 2018 - 10:55 UTC

    Markets waiting for Trump's announcement on US$ 50bn tariffs against China

    It is not clear when Trump will activate the measures, rising Sino-U.S. trade tensions, and putting additional pressure on China’s economy

    Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the Euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time. U.S. President Donald Trump has made up his mind to impose “pretty significant” tariffs and will unveil a list targeting US$ 50 billion of Chinese goods on Friday, an administration official said. Beijing has warned that it was ready to respond.

  • Tuesday, June 12th 2018 - 08:13 UTC

    Dairy prices push the FAO Food Price Index up in May

    The FAO Dairy Price Index increased 5.5% in May, averaging 11.5% higher than a year earlier. (FAO)

    Global agricultural food commodity prices rose in May, with dairy prices jumping significantly. The FAO Food Price Index averaged 176.2 points during the month, up 1.2% from April.

  • Monday, June 11th 2018 - 08:26 UTC

    Brazilian leading presidential candidate softens attitude towards China

    “I don’t want any country buying up Brazil, but we will do business with all countries and China is an exceptional partner,” Bolsonaro told reporters

    Rightwing presidential candidate Jair Bolsonaro said that China was an “exceptional partner” of Brazil, softening earlier criticism that Chinese investors were taking over Latin America’s largest economy. “We will continue being a partner of China,” Bolsonaro said when asked how he would treat Chinese investments if he wins the October election.

  • Friday, June 8th 2018 - 08:28 UTC

    China plans temporary anti-dumping measures on Brazilian broilers

    Brazil accounted for more than 50% of broiler products supplied to China, world’s No. 2 poultry consumer, between 2013 and 2016, the commerce ministry said

    China will impose temporary anti-dumping measures on Brazilian broiler chickens from June 9, the commerce ministry said on Friday, after finding in a preliminary ruling that its domestic industry has been substantially damaged by the imports. Local firms buying Brazilian chicken will be required to pay deposits ranging from 18.8% to 38.4% of the value of their shipments, the ministry said in a statement. The measures cover products supplied by top Brazilian exporters JBS and BRF.

  • Wednesday, June 6th 2018 - 08:45 UTC

    China and Argentina reinforce financial links with increased currency swap arrangement

    Cabinet chief Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”

    Argentina is looking to expand an existing currency swap arrangement with China, as Buenos Aires looks to stabilize the economy one month after applying for financial aid from the International Monetary Fund. In an interview with the Financial Times, Argentina’s Chief of Cabinet Marcos Peña, said “we have an active swap with China that the previous government left us and we will try to make it bigger.”

  • Monday, June 4th 2018 - 08:57 UTC

    Trade deal falls warns China, if US insists with imposing more tariffs

    China’s warning came after U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, wrapped up a meeting in Beijing

    China said on Sunday it wouldn’t step up its purchases of United States products if President Donald Trump goes ahead with his threat to tax billions of dollars’ worth of Chinese imports. White House advisers insisted on fundamental changes in ties between the world’s two biggest economic powers.

  • Wednesday, May 30th 2018 - 08:43 UTC

    Argentina set to expand fresh beef exports to Japan and China

    Minister Etchevehere said Argentina prides itself on the quality of its beef, and aims to carve out a significant portion of the Japanese market.

    Argentina is set to expand fresh beef exports to Asia, with Japan and China having already approved import deals, the country's agriculture minister said. Luis Miguel Etchevehere in Tokyo said that Argentina has signed a deal with the Japanese government under which Tokyo will authorize imports of fresh beef from Argentina by late July. His country has also inked a beef export agreement with Beijing.

  • Tuesday, May 29th 2018 - 09:01 UTC

    Impersonation of Mao Zedong sparks uproar on Chinese social media

    China's law prohibits using the names and images of party leaders for commercial purposes. The event's organizers were forced to apologize for the stunt.

    A publicity stunt at a conference about blockchain technology in China, which saw an actor impersonate Mao Zedong, has sparked uproar on social media. Xu Guoxiang imitated Mao - by wearing a grey suit and speaking in his Hunan accent - at the Boao Blockchain Forum for Asia in Hainan Province.

  • Saturday, May 26th 2018 - 09:29 UTC

    Protectionism the “darkest cloud” for the solid upswing of the global economy

    “The good news today is that the sun is shining on the global economy”, after a decade of difficult time, the economy that is doing well, Lagarde said

    The threat of trade protectionism is the biggest concern looming over a solid upswing in the global economy, IMF managing director Christine Lagarde said. The “darkest cloud” on the economic horizon is the “determination of some to actually rock the system that has actually presided over the trade relationships that we have all undertaken and enjoyed to some extent over the last many decades”, said Lagarde.

  • Saturday, May 26th 2018 - 08:26 UTC

    China electric monorail system, cheaper than metro, for a major Brazilian city

    Construction in Salvador will start on the 20-kilometer route this year, and it’s expected to begin operations in 2021.

    BYD, China’s biggest electric vehicle maker by sales, signed a 2.5 billion Brazilian real (US$ 689 million) deal this week to build a monorail system in Brazil’s Salvador city, the firm said. It’s the company’s biggest overseas monorail investment yet, according to a company spokesperson. Construction will start on the 20-kilometer route this year, and it’s expected to begin operations in 2021.