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MercoPress, en Español

Montevideo, April 26th 2025 - 04:50 UTC

Tag: China

  • Thursday, April 26th 2018 - 08:46 UTC

    Trade skirmish: China halts purchases of US soybeans, gives priority to Brazil

    At stake are 3 million tons of soybeans - estimated worth about US$1.3 billion - for which deals have been signed but cargoes have yet to leave U.S. ports, traders say

    China’s purchases of U.S. soybeans have come to a grinding halt, trade and industry sources say, as fears of further action by Beijing to curb imports of U.S. crops following last week’s anti-dumping move on sorghum rattles the agriculture industry.

  • Thursday, April 26th 2018 - 08:37 UTC

    Outbreaks of FMD in swine farms in China and Korea

    The Korean outbreak was the first farm affected in Korea since February 2017 and an extensive vaccination campaign has been launched

    The Swine Health Information Center (SHIC) posted a new global swine disease monitoring report on earlier this month, with information on Foot-and-Mouth Disease (FMD) activity in China and Korea presenting the highest concern.

  • Monday, April 23rd 2018 - 09:22 UTC

    China and South Korea seek trade agreements with Mercosur

    South Korean PM Lee Nak-yon in March agreed with Brazilian President Michel Temer to start formal negotiations for a SK/Mercosur free trade deal by June

    China and South Korea are seeking to establish free trade agreements with Mercosur in a strategic response to Washington's increasingly protectionist stance. The East Asian initiatives have resonated well in a region where Washington is keeping its distance. U.S. President Donald Trump has not visited a single Latin American country since taking office in January 2017, and chose not to attend the Summit of the Americas, which recently concluded in Peru.

  • Wednesday, April 18th 2018 - 08:38 UTC

    Chinese economy expands at an annual rate of 6.8% in the first quarter, says Beijing

    The growth figures come amid concerns about China's outlook for exports which has been clouded by rising tensions with the US, its largest trading partner.

    China's economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period. The growth figures for January to March were also above Beijing's 2018 annual growth target of “around 6.5%”

  • Wednesday, April 18th 2018 - 08:32 UTC

    China opens its car manufacturing and market to foreign ownership

    China will remove foreign ownership caps for companies making electric and hybrid cars in 2018, commercial vehicles in 2020 and the wider market by 2022.

    China will allow full foreign ownership of car firms by 2022 in a move that could open up the world's biggest car market. The plans will change rules that require global carmakers to work through state-owned partners. The US says this forces them to share technology with potential competitors.

  • Tuesday, April 10th 2018 - 08:34 UTC

    China's Xi considers lowering import tariffs and duties

    Xi's address at the Boao Forum for Asia, (“Asian Davos”) — comes amid escalating trade tensions between China and the U.S.

    Chinese President Xi Jinping discussed plans to further open up the Chinese economy during a Tuesday address. Those measures included “significantly” lowering import tariffs for autos, decreasing duties on other products, enforcing the legal intellectual property of foreign firms and improving the investment environment for international companies.

  • Friday, April 6th 2018 - 09:17 UTC

    Trump will take his confrontation with China to the Summit of the Americas

    Trump is expected to argue that China’s trade policies had “not been productive for the hemisphere and that the United States should remain the partner of choice”

    United States President Donald Trump, engaged in an escalating confrontation with Beijing over trade, will urge Latin American leaders next week to work with the United States – not China – on trade, a senior US official said on Thursday. Trump’s trip to Lima, Peru, for the Summit of the Americas has been prefaced by aggressive moves on trade and immigration.

  • 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.