Tag: China

Friday, October 16th 2015 - 12:00 UTC
Communist-ruled China has more billionaires that United States

The number of billionaires in China has overtaken that of the United States for the first time, an annual survey said on Thursday, calling it a “turning point” for the super-wealthy. Communist-ruled China now has 596 billionaires, up a “staggering” 242 over the last year, Shanghai-based luxury magazine publisher Hurun Report said, surpassing the 537 Americans.
Thursday, October 15th 2015 - 20:16 UTC
China to continue expanding its influence in the oil and gas sector

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts. In 2009, for the first time, Saudi Arabia exported more of its oil to China than it did to the US. China also made large investments in Saudi Arabia's oil refining industry as well. But China's oil investments didn't stop there; they also pursued oil producing Canadian assets in 2011/12.
Wednesday, October 14th 2015 - 08:01 UTC
China to the rescue of cash strapped Petrobras with $2bn for a 10-year lease of two platforms

Brazil's state-run oil firm Petroleo Brasileiro SA will raise $2 billion through a 10-year leasing contract with China's Industrial and Commercial Bank of China Leasing, the Brazilian company said in a statement on Tuesday.
Wednesday, October 14th 2015 - 05:41 UTC
Disappointing China: September's imports slump 20% in dollars

China's September imports fell a more-than-expected 17.7% in Yuan-denominated terms, while exports fell 1.1% from a year earlier, official figures show. The numbers leave the country with a trade surplus of 376.2bn Yuan ($59.4bn)
Thursday, October 1st 2015 - 08:45 UTC
Slumping demand from China and Brazil put a drag on world trade, says WTO

The World Trade Organization shaved half a percentage point off its global trade projections for 2015, after a disappointing first half of the year left export growth weakened across the developing world. World merchandise trade volume is expected to rise 2.8% for the year, down from April projections of 3.3%. The WTO also revised its 2016 projections to 3.9%, from 4.0%.
Wednesday, September 30th 2015 - 09:42 UTC
Conciliatory China rejects 'hegemony'; pledges to take the lead in funds 'for peace and development'

Chinese President Xi Jinping promised support for a permanent UN police squad and African peacekeeping as he vowed a peaceful rise for the Asian power.
Tuesday, September 29th 2015 - 06:28 UTC
Former president says “no way Uruguay can escape the impact of the Brazilian crisis”

Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.
Saturday, September 26th 2015 - 08:08 UTC
US and China pledge not to conduct or sponsor 'knowingly' cyber-theft

United States President Barack Obama and his Chinese counterpart Xi Jinping have agreed that neither country's government will conduct or “knowingly” support cyber theft of intellectual property or commercial trade secrets, an issue that has been a source of tensions.
Friday, September 25th 2015 - 05:33 UTC
Obama and Xi share a private dinner before the official visit on Friday

United States President Obama hosted Chinese counterpart Xi Jinping for a private dinner Thursday as they and their aides prepared for meetings designed to deal with cyber security and a new agreement to cooperate on combating climate change.
Thursday, September 24th 2015 - 07:03 UTC
Xi arrives in the US hoping for investments and pledging cooperation

Seeking to warm bilateral ties and project a sunny climate for U.S. business, Chinese President Xi Jinping vowed on Wednesday to cut restrictions on foreign investment, while his chief Internet regulator appeared to lay the groundwork for a basic agreement later this week on cyber warfare.