Tag: China

• Monday, October 10th 2016 - 23:13 UTC

  Global debt reached 225% of world GDP; concern with private debt buildup in China and Brazil

  

  The world is swimming in a record US$152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225% of global economic output last year, up from about 200% in 2002, the IMF said in its new Fiscal Monitor report.

• Monday, October 3rd 2016 - 07:54 UTC

  Yuan becomes global reserve currency but China will have to relax capital controls and the exchange rate

  

  The Chinese currency Yuan entered a new phase in its journey to become more important to the world economy: starting on Saturday the Yuan is officially a member of the International Monetary Fund’s basket of global reserve currencies. Together, this group of currencies, known as Special Drawing Rights (SDR), forms a kind of pseudo-currency—used only by the IMF—to supplement countries’ official reserves.

• Tuesday, September 6th 2016 - 17:17 UTC

  Meirelles invites foreign investors to take advantage of US$ 269bn opportunities

  

  Brazil's economy could grow 2.5% in 2018 and expand at an even faster rate over the following years, Finance Minister Henrique Meirelles said at a seminar in Shanghai.

• Monday, September 5th 2016 - 09:09 UTC

  Macri targets Chinese tourists; no need of a visa to visit Argentina

  

  Argentine president Mauricio Macri announced in China that besides boosting and balancing bilateral trade and confirming the infrastructure and energy deals reached by his predecessor, Chinese tourists will no longer need visas to visit Argentina.

• Wednesday, August 31st 2016 - 13:54 UTC

  China expects G20 summit confirms its world standing, but admits vulnerable flanks

  

  China is hoping to cement its standing as a global power when it hosts leaders from the world's biggest economies this weekend, but suspects the West and its allies will try to deny Beijing what it sees as its rightful place on the international stage. Ensuring that this does not happen will be one of President Xi Jinping's priorities, and a key mark of how successful China will judge the G20 summit to be.

• Wednesday, August 31st 2016 - 12:34 UTC

  Macri at G20 to represent the “new” Argentina and after crucial investments

  

  Argentine president Mauricio Macri is off to Hangzhou, China for this first G20 summit where he is expected to hold bilateral talks with the host Xi Jinping, Russia's Vladimir Putin, Germany's Merkel and probably UK prime minister Theresa May.

• Tuesday, August 9th 2016 - 08:51 UTC

  China's foreign trade further declines in July: imports down by 12.5%

  

  Chinese exports have seen a further decline in July, adding to concerns over the global economic outlook. Exports fell by 4.4% compared to a year earlier, which was a slight improvement over June's 4.8% drop but still worse than analysts had been expecting. And imports were also weaker than estimated, down by 12.5%.

• Tuesday, August 2nd 2016 - 06:07 UTC

  China's leading role in Argentina reviewed and confirmed by Macri

  

  China’s role in Argentina’s foreign relations will be more balanced than during the Kirchner administrations, with a larger role played instead by the United States and European countries, the country’s ambassador to Beijing Diego Guelar said, claiming Chinese investment will have to be more competitive.

• Tuesday, May 31st 2016 - 18:11 UTC

  Argentina and China address fishing vessels poaching in the South Atlantic

  

  The Argentine news agency Pescare reports that the repeated illegal incursion of Asian vessels in Argentina's Exclusive Economic Zone prompted the issue to be addressed during the recent meeting of the bilateral Argentina/China Subcommittee on Fisheries.

• Saturday, May 21st 2016 - 08:46 UTC

  Malcorra successfully completes negotiations with China and meets on Monday in Buenos Aires with Serra

  

  Argentina's foreign minister Susana Malcorra held another round of talks with high level Chinese officers in Beijing, as part of her official visit to China to promote trade, investment and the special strategic relation between the two countries. But also cut short her visit to other countries to be back in Buenos Aires next Monday in time to meet with her new Brazilian peer, Jose Serra to address the bilateral agenda and Mercosur among other issues.