In March next year, China's space and satellite tracking station in Quintuco, Argentine Patagonia will become operational, according to members from China's Space Agency, CLTC, who advanced that in June scientists will be mounting the station's antenna to explore outer space.
China's economy grew 6.7% in the first quarter of the year compared to the same time last year, announced the government. It is the slowest quarterly growth in the Chinese economy in seven years, but in line with expectations and China's own growth targets.
China has agreed to review contracts signed with Argentina, which need modifications, for the sake of transparency, according to Buenos Aires sources, but the overall strategic relation between the two countries and a raft of accords in different fields stands and is expected to continue to grow.
Beijing said that it expects Argentina to perform according to law in reference to the recent sinking of a Chinese flagged jigger by the country's Coast Guard and which was operating in Argentina's EEZ. The announcement is considered significant in Buenos Aires since Argentine president Mauricio Macri is expecting to meet his counterpart Xi Jinping in Washington, next Friday in the framework of the Nuclear security summit.
Argentine ambassador to Beijing Diego Guelar confirmed a meeting between President Mauricio Macri and his Chinese counterpart Xi Jinping next April first on the margins of the Nuclear Security Summit that begins next week in Washington and anticipated an official visit to China by Macri in September.
Beijing made a formal complaint to Argentina and expressed 'great concern' regarding the incident in which a Chinese flagged jigger caught red-handed fishing in the country's EEZ was fired at and sank on Tuesday. Chinese authorities also requested an “immediate inquest” into the procedure of the Argentine Coast Guard in the sinking of the vessel Lu Yuan Yu10.
Argentina's coast guard has sunk a Chinese flagged jigger that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test for relations between President Mauricio Macri and Beijing.In a high-seas chase, a coast guard vessel pursued the fishing vessel Lu Yan Yuan Yu 010 toward international waters, firing warning shots across the Chinese boat's bow as it attempted to raise the crew by radio.
China faces a tough battle to keep its economy growing by at least 6.5% over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China's annual parliament.
Chinese shares traded higher on Tuesday morning after a fresh stimulus push from the central bank to boost liquidity. The mainland benchmark Shanghai Composite rose 0.3% to 2,696.96 points.
Bonds issued by Brazil's Petrobras ended one to two points higher on Monday as the beleaguered oil company eased refinancing pressure by clinching a US$10bn loan from China. The US$10bn loan from China Development Bank, which can be repaid in cash or oil, will do much to reduce refinancing risks for what is one of the world's most indebted companies.