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MercoPress, en Español

Montevideo, April 4th 2025 - 02:51 UTC

Tag: China

  • Thursday, November 5th 2015 - 07:30 UTC

    Beijing and Taiwan leaders to meet for the first time in 66 years, in Singapore

    A spokesman for Ma said no private agreements will be signed during the talks with Xi, and stressed the aim was to solidify relations between the two sides

    Just weeks before Taiwan holds general and presidential elections, Taiwan President Ma Ying-jeou announced he will hold face-to-face talks with Chinese leader Xi Jinping in Singapore. The meeting Saturday will be the first between Taiwanese and Chinese leaders since 1949 and authorities in China are predicting it will be a “major historic milestone” in the development of cross-strait relations.

  • Tuesday, November 3rd 2015 - 12:38 UTC

    Chinese manufacturing contracts for third month running

    The most recent growth figures showed China's economy growing at 6.9%, the weakest rate since the financial crisis.

    Chinese manufacturing has contracted for the third month in a row, according to the government's latest factory survey. The Purchasing Managers' Index (PMI) showed a reading of 49.8 for October, unchanged from last month. A figure below 50 indicates that factory activity contracted.

  • Monday, November 2nd 2015 - 09:18 UTC

    China's Renmimbi has become world's second most used currency in trade finance

    Markets expect RMB’s market share in trade settlement and payments to continue to grow anticipating China will further open up its financial markets.

    As China establishes itself as the world’s second largest economy and top trading nation, its currency, the renminbi (RMB), is also gaining popularity around the world. According to the People’s Bank of China’s 2015 Renminbi Internationalization Report, the RMB was the world’s 5th most used payment currency, the 2nd most used trade finance currency, and the 6th most traded currency in 2014.

  • Friday, October 30th 2015 - 07:48 UTC

    Chinese couples allowed to have a second child; policy was imposed in 1979 to slow population growth

    The policy is estimated to have prevented about 400 million births. However concerns at China's ageing population led to pressure for change.

    China has decided to end its decades-long one-child policy, the state-run Xinhua news agency reports. Couples will now be allowed to have two children, it said, citing a statement from the Communist Party. The controversial policy was introduced nationally in 1979, to slow the population growth rate.

  • Wednesday, October 28th 2015 - 08:41 UTC

    The defense of the Falklands must take centre stage in Anglo-Chinese relations

    Xi Jinping and Prime Minister David Cameron share a beer at an English pub during the Chinese leader's visit to UK

    By Alex Calvo (*) - Chinese Leader Xi Jinping’s state visit to the United Kingdom has been met with grand-sounding headlines, including references to a “golden era”. Public statements by both governments have focused on growing economic links, while some voices referred to human rights and US commentators expressed their concern at London’s closeness to Beijing at a time of increased tensions in the Indo-Pacific, above all the South China Sea.

  • Monday, October 19th 2015 - 09:47 UTC

    China's growth below target; monetary policy stimuli expected

    China's economy has been hit by extreme stock market volatility over the summer and weak economic data, causing concern on world markets

    China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis. The growth rate is below the government's 7% target. Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown.

  • Friday, October 16th 2015 - 12:00 UTC

    Communist-ruled China has more billionaires that United States

    China now has 596 billionaires, up a “staggering” 242 over the last year, Shanghai-based luxury magazine publisher Hurun Report said

    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

    China has three major state owned oil companies: CNOOC, oil and gas producer; PetroChina and Sinopec, which is primarily a refining company.

    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

    Petrobras will lease the platforms P-52 and P-57 for 10 years as part of efforts to raise cash and reduce the world's biggest debt load among oil firms.

    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

    The steep fall in imports compares with a fall of 14.3% in August and continues to reflect lower commodity prices globally.

    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)