Tag: China

• Wednesday, March 18th 2015 - 08:20 UTC

  EU main economies announce plans to join China-led development bank, despite US warning

  

  France, Germany and Italy on Tuesday announced plans to join the Chinese-led development bank AIIB, drawing concern in Washington which views the institution with skepticism. The three European countries want ”to become founding members of the Asian Infrastructure Investment Bank (AIIB)”, they said in a statement.

• Monday, March 16th 2015 - 10:25 UTC

  UK caught on the wrong side in a US/Beijing dispute over Chinese development bank

  

  The US has expressed concern over the UK's bid to become a founding member of a Chinese-backed development bank. The UK is the first big Western economy to apply for membership of the Asian Infrastructure Investment Bank (AIIB) despite the fact that US has raised questions over the bank's commitment to international standards on governance.

• Friday, March 6th 2015 - 18:21 UTC

  China lowers 2015 growth estimate to 7%; in 2014 expansion was the slowest in 24 years

  

  Shares in China fell after the country's government set its official growth target at 7% for this year. The rate is lower than last year's target of 7.5%, which China missed after it grew at the slowest pace in 24 years. The Shanghai Composite closed down 1% at 3,248.48, while Hong Kong's Hang Seng ended 1.1% lower at 24,193.04.

• Monday, March 2nd 2015 - 06:55 UTC

  “Open your heads: world is different, China leads”, argued Cristina Fernandez

  

  “I'm asking all Argentine and mainly those who have aspirations of leading the country, to open their heads”, said Cristina Fernandez in reference to the recently signed agreements with China, which are in the framework of an “integral strategic association” and have under strong criticism.

• Sunday, March 1st 2015 - 23:35 UTC

  Argentine technical mission to China to assess the purchase of jet fighters

  

  It's official: in the coming weeks a technical delegation from Argentina's Air Force will be travelling to China to assess the convenience of purchasing Chinese jet fighters to replace the obsolete French made Mirages. Only a month ago president Cristina Fernandez was in Beijing where she sealed an “integral strategic alliance” with China.

• Saturday, February 28th 2015 - 07:14 UTC

  China has become Latin America's leading banker: 22bn dollars in 2014

  

  Loans by China's state-owned banks to Latin American countries rose by 71% to 22bn dollars in 2014, according to estimates published by the China-Latin America Finance Database. The figure is the second largest on record for Chinese lending in Latin America, according to the report.

• Friday, February 27th 2015 - 05:46 UTC

  Argentine Congress approves 'strategic integral alliance' agreements with China

  

  Despite the strong questioning from the opposition, the manufacturers' lobby and many unions, the Argentine ruling coalition mustered sufficient votes in the Lower House to pass the controversial package of cooperation, economic and investment agreements between Argentina and China.

• Wednesday, February 25th 2015 - 05:01 UTC

  China prepared to help Argentina recover its air force with new fighter jets

  

  China has agreed to supply Argentina with new fighter jets that will replace its aging fleet of single-engine Dassault Mirage planes. Defense experts said two types of China-developed fighters are likely candidates: the Chengdu Aircraft Corporation-built FC-1/JF-17 and the J-10, according to a report from Chinatopix.

• Tuesday, February 17th 2015 - 05:13 UTC

  Brazil and Argentina agree accords signed with China will not affect Mercosur

  

  Brazilian foreign minister Mauro Vieira discarded that the recent agreements reached by Argentina with China can interfere with Mercosur, while his Argentine counterpart Hector Timerman said that the package of accords with Beijing will “actually benefit Mercosur”.

• Thursday, February 12th 2015 - 06:25 UTC

  Argentine industry fearful of some clauses in agreements signed with China

  

  Argentina's top officials will meet on Thursday with representatives from the Argentine Industrial Union, UIA, to discuss some clauses and aspects of the recent agreements signed between China and Argentina last week, and which have been questioned by the manufacturers' lobby.