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MercoPress, en Español

Montevideo, March 8th 2026 - 09:07 UTC

Tag: China

  • Friday, June 30th 2023 - 10:28 UTC

    Argentina to pay the IMF with Chinese money

    Argentines will also be able to open bank accounts in yuan, the BCRA ruled

    Argentine authorities Thursday announced that ”the payment of 2.7 billion dollars to the IMF corresponding to the second quarter will be made, partly in Special Drawing Rights (SDR) of the Treasury and partly with yuan, without using Central Bank reserves.”

  • Wednesday, June 21st 2023 - 11:15 UTC

    Biden spoils Blinken's trip to Beijing by likening Xi to a dictator?

    Speaking at a fundraiser in California, Biden said Xi was embarrassed when a Chinese balloon was blown off course over the US in February.

    United States President Joe Biden on Tuesday likened Chinese President Xi Jinping to a “dictator.” The comment came just a day after top US diplomat Anthony Blinken's trip to Beijing aimed at easing tensions between the two countries

  • Wednesday, June 21st 2023 - 04:34 UTC

    Short of US dollars, Argentina advances towards trading and hoarding in Yuan

    The fact that imports from China are paid in Yuan rather than dollars should help Argentina mitigate the loss of reserves in its central bank

    Argentina is increasing its use of Yuan to pay for imports from China, following the renewal and expansion of a currency swap agreement with Beijing. The use of the Chinese currency in bilateral trade amounted to 1.075 billion Yuan (US$ 150.5 million) in May this year. In the first ten business days of June, transactions worth 2.045 billion yuan ($286.3 million) were recorded, according to the Central Bank of Argentina Argentine Central Bank’s report on June 15.

  • Monday, June 19th 2023 - 10:33 UTC

    US-China ties: Blinken, Qin try to keep dialogue channels open

    Blinken's trip is to conclude following further meetings with Chinese officials on Monday.

    US Secretary of State Antony Blinken met with Chinese Foreign Minister Qin Gang for more than five hours Sunday to keep channels open as the two countries are -in Quin's words- “at their lowest point since the establishment of diplomatic relations.”

  • Monday, June 19th 2023 - 10:00 UTC

    Italy blocks Chinese company from taking control of tyre giant Pirelli

    Beijing-controlled chemical giant Sinochem is Pirelli's biggest shareholder, with a 37% stake in the 151-year-old Milan-based firm.

    Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy's government to protect businesses considered strategically important, and as such Pirelli's independence.

  • Thursday, June 15th 2023 - 09:32 UTC

    Blinken going to China amid growing tension between Washington and Beijing

    Blinken was about to travel to China in February but canceled his trip due to the spying balloon incident

    US Secretary of State Antony Blinken will travel to China this weekend amid growing tension between the two countries in a move to keep lines of communication open, the State Department said.

  • Friday, June 9th 2023 - 11:21 UTC

    WSJ says China plans to install spying base in Cuba

    National Security Council Spokesman John Kirby said the report was inaccurate

    According to The Wall Street Journal (WSJ), the governments of China and Cuba signed an agreement whereby the Asian nation will install a spy base on the Caribbean island to intercept communications of all kinds in the United States.

  • Saturday, June 3rd 2023 - 12:11 UTC

    New currency swap with China gives Argentina some financial relief

    During the meeting, the Argentine delegation gave their Chinese interlocutors official jerseys of the Argentine national football team

    Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.

  • Wednesday, May 31st 2023 - 11:00 UTC

    Minister Massa announces agreements for about US$ 1 billion

    Massa will conclude his Chinese tour on Friday

    Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.

  • Monday, May 29th 2023 - 10:42 UTC

    First Chinese-built airliner enters aviation market

    Firefighters performed the traditional water arch in Beijing

    The COMAC C-919, China's first passenger aircraft, Sunday completed its first commercial flight marking its official entry into the civil aviation market, it was reported in Beijing, where authorities are confident it can compete with the Boeing 737 MAX and Airbus A320. China Eastern Airlines flight MU9191 landed “smoothly” at Beijing International Airport Shanghai's Hongqiao Airport with 130 passengers at 12:30 local time, after which firefighters performed the traditional water arch.