Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, April 2nd 2025 - 02:24 UTC

Tag: China

  • Tuesday, April 3rd 2018 - 08:48 UTC

    Brazil subsidized loans for the 2018/19 agriculture program will reach US$ 58bn

    The government’s farm program offers subsidized loans to finance agricultural commodities and make investments such as in silos and agricultural machinery.

    Brazil's Agriculture Ministry plans to increase funds available to finance the farm sector, an official announced, noting that a decline in inflation has allowed the government to boost funding in a country that is the world’s largest exporter of staples like soybeans and coffee.

  • Monday, April 2nd 2018 - 08:50 UTC

    China preparing to begin paying for imported oil with the Yuan

    Oil is the world's most traded commodity, with an annual trade value of around US$14 trillion, roughly equivalent to China's gross domestic product last year.

    China is taking its first steps towards paying for imported crude oil in Yuan instead of the U.S. dollar, according to Reuters, a key development in Beijing's efforts to establish its currency internationally.

  • Monday, April 2nd 2018 - 08:39 UTC

    Trade war: China slaps higher tariffs on US pork, wine and certain fruits

    Eight products, including pork, will now be subject to additional tariffs of 25%, it said, with the measures effective from April 2.

    China has slapped extra tariffs of up to 25% on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were released late on Sunday and matches a list of potential tariffs on up to US$3 billion in U.S. goods published by China on March 23.

  • Monday, April 2nd 2018 - 08:35 UTC

    Chinese space station remains dumps into the South Pacific

    China had said its re-entry would occur in late 2017 but that process was delayed, leading some experts to suggest the space laboratory was out of control.

    China's Tiangong-1 space station re-entered the earth’s atmosphere and burnt up over the middle of the South Pacific on Monday, the Chinese space authority said. The craft re-entered the atmosphere around 8:15 a.m. Beijing time (0015GMT) and the “vast majority” of it had burnt up upon re-entry, the authority said in a brief statement on its website.

  • Tuesday, March 27th 2018 - 09:42 UTC

    The World's Biggest Investors Have Lost $436 Billion In 2018

    The Dow has lost nearly 1,200 points in three days, and over 424 points on Friday alone

    Wall Street is shocked, but it shouldn't be: Tariffs targeting China should have been a given, and now the market's tanking on trade war fears as if it just crept up on everyone, but Trump's been very clear on this.

  • Friday, March 23rd 2018 - 09:13 UTC

    China announces US$ 3bn target for retaliation in trade dispute with Washington

    China's proposed tariff hikes appeared to be aimed at increasing domestic U.S. pressure on Trump by including farm areas that voted for the president in 2016

    China announced a US$ 3 billion list of U.S. goods including pork, apples and steel pipe on Friday that it said may be hit with higher tariffs in a spiraling trade dispute with President Donald Trump that companies and investors worry could depress global commerce. The Commerce Ministry urged Washington to negotiate a prompt settlement to the conflict over Trump's tariff hike on steel and aluminum but set no deadline.

  • Thursday, March 22nd 2018 - 22:16 UTC

    Trump calls for reciprocity and reveals US$ 60bn tariffs in China imports

    Trump signed a presidential memorandum directing the US Trade Representative to publish a proposed list of products in 15 days, with an intended tariff increase

    President Donald Trump announced on Thursday his plans for tariffs on up to US$60 billion annually in Chinese imports, designed as retaliation for an administration report that will outline Beijing’s violation of U.S. intellectual property rights.

  • Wednesday, March 21st 2018 - 10:03 UTC

    Financial leaders reject protectionism, but prepare for a trade war

    U.S. President Donald Trump is expected to unveil tariffs on up to US$ 60 billion in Chinese technology and telecoms products by Friday

    The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to diffuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance ministers and central bankers of the world’s 20 biggest economies, which represent 75% of world trade and 85% of global gross domestic product, discussed trade disruptions as a risk to growth at a two-day meeting.

  • Monday, March 19th 2018 - 09:03 UTC

    Xi Jinping has his most loyal ally, and head of anti corruption campaign, named vice-president

    Wang, 69, has been mayor of Beijing during the Sars outbreak in 2003, and was executive chair of the city's Olympic committee ahead of the 2008 games.

    China's parliament has endorsed Xi Jinping for a second term and appointed Wang Qishan as his vice-president. The ballot at the National People's Congress unanimously approved Mr Xi while Mr Wang received 2,969 votes in favor and only one against. Wang Qishan was previously in charge of corruption investigations in China.

  • Monday, March 19th 2018 - 08:52 UTC

    Next chief of China's central bank was educated in University of Illinois

    Yi Gang joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008.

    US-educated economist Yi Gang has been named the next governor of China's central bank, replacing Zhou Xiaochuan. Mr Yi joined the People's Bank of China (PBOC) 20 years ago and has been its deputy governor since 2008. His appointment is being seen as one of ensured continuity as Beijing continues to try and rein in growing debt and limit risky financial practices.