Regulators have approved a long-awaited plan to connect the Hong Kong and Shanghai stock exchanges. The Shanghai-Hong Kong Stock Connect will allow investors to trade across the border for the first time and is set to begin on 17 November.
Mexico has abruptly cancelled a 3.75bn dollars contract awarded on Monday for a Chinese-led consortium to build a high-speed passenger rail link. President Enrique Peña Nieto said he wanted to avoid any doubts about the legitimacy and transparency of the bidding process.
China’s rolling stock manufacturer China South Railway, CSR-Sifang will establish a presence in Argentina in a workshop currently ran by State-owned Trenes Argentinos Operadora Ferroviaria, Interior and Transport minister Florencio Randazzo announced on Tuesday.
Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East.
Brazil ran a trade deficit of 1.17 billion last month, the largest shortfall for October in 16 years, the government said on Monday. Imports totaled 19.5bn, while exports amounted to 18.3bn, the Ministry of Development, Industry and Foreign Trade said in a report.
The central banks of Argentina and China on Thursday activated a bilateral currency-swap agreement, which meant that the Argentine central bank received an initial tranche of Yuan equivalent to 814 million dollars.
Tata group's Jaguar Land Rover established its first overseas manufacturing unit in China this week. The facility is the first joint venture between British auto maker Jaguar Land Rover and Chinese automotive company Chery Automobile Company Ltd.
Leaders of China's ruling Communist Party opened a highly-anticipated meeting Monday, as state media emphasized the need to tighten control over the country's legal system. Known as the Fourth Plenum, it brings together the party's 205-strong Central Committee and around 170 reserve members, along with officials from bodies including its much-feared internal watchdog, the Central Commission for Discipline Inspection.
Beijing's new ambassador before the Argentine government underlined the excellent relations between the two countries and reiterated China's support to Argentina in the issue of sovereign debt and claims over the Falklands/Malvinas Islands.
Trade between Argentina and China could see a rise in Yuan-denominated operations after the bilateral currency swap deal that was sealed earlier this year, according to key leaders of the Sino-Argentine business community in Buenos Aires.