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MercoPress, en Español

Montevideo, April 23rd 2026 - 09:30 UTC

Tag: China

  • 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.

  • Friday, May 25th 2018 - 08:56 UTC

    Brazil agriculture fears consequences of a US/China trade understanding

    Brazil’s agriculture minister Blairo Maggi fears the higher demand for soybeans will push local prices so much that it will hamper Brazil’s competitiveness

    The trade dispute between the United States and China has benefited Brazil so far but could prove harmful long term as higher grain prices will make the country’s exports less competitive, Brazil’s farm minister said. Brazil is the world's leading poultry exporter.

  • Thursday, May 24th 2018 - 07:32 UTC

    China expected to import record volumes of US oil and soy, to help ease trade tensions with the US

    China pledged at the weekend to increase imports from its top trading partner to avert a trade war that could damage the global economy.

    China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday.

  • Monday, May 21st 2018 - 08:52 UTC

    US/China trade war “on hold”; Beijing agrees to “substantially reduce” surplus

    After high-level talks in Washington, Beijing agreed in a joint statement with the U.S. to “substantially reduce” America's trade deficit with China

    The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. “We are putting the trade war on hold,” Treasury Secretary Steven Mnuchin said on Sunday.

  • Thursday, May 17th 2018 - 10:46 UTC

    Record inflow of international tourist to Mexico in the first quarter

    In the first quarter of 2017, a total of 9.4 million foreign tourists visited Mexico. This represented 6.217 billion U.S. dollars in tourism revenue for the first quarter

    The number of international tourists to Mexico in the first quarter rose to a record high of 10.6 million, a 12.6% increase year-on-year, said the country's tourism ministry on Sunday.