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%.
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.
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.
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.
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.
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.
Beijing has unveiled its long-awaited blueprint for restructuring its mammoth state enterprise sector, including partial privatization, as data pointed to a cooling in the world's second-largest economy.
The state-run China Daily has said that India's plans to conduct oil exploration off Vietnam coast in the South China Sea is illegal and is an unwise move that may sabotage” positive momentum in ties.
Credit rating firm Moody’s cut its 2016 global economic growth forecasts, with China and United States both trimmed and Russia and Brazil seen staying in recession.
China's factory activity contracted at its fastest pace in three years in August, confirming fears that the country's growth is continuing to slow. The official manufacturing purchasing managers' index (PMI) dropped to 49.7 from 50 in July.