Tag: China

• Monday, September 1st 2014 - 16:49 UTC

  China's manufacturing misses expectations in August; stimulus considered

  

  China's manufacturing activity missed expectations in August, indicating that the country's economy may be losing momentum and require more stimulus. The official purchasing managers index (PMI) fell to 51.1 for the first time in seven months from 51.7 in July, the National Bureau of Statistics said.

• Friday, August 29th 2014 - 08:07 UTC

  Singer extends 'discovery' looking for Argentine assets in Chinese banks

  

  As it did in Nevada and California, a unit of billionaire Paul Singer's Elliott Management, which is Argentina's main holdout creditor, is extending its legal fight with the country to China. NML Capital served subpoenas this week to Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) in an effort to obtain information on 6.8bn dollars in financing for deals signed by the two countries in July.

• Tuesday, August 19th 2014 - 08:20 UTC

  South Korea was a feast, but more important China warmed up to Pope Francis

  

  Pope Francis ended his first official visit to Asia on Monday with a fresh overture to China and a call for reconciliation between South Korea and its totalitarian neighbor, North Korea. As the pope flew across Chinese airspace on his return flight to Rome, he sent a telegram — his second during the trip — to President Xi Jinping, expressing his “divine blessings” for the powerful leader and the Chinese people.

• Monday, August 18th 2014 - 07:16 UTC

  Mixed data from China, and doubts about the 7.5% growth target for 2014

  

  China's latest industrial production and retail sales figures are higher in July from one year ago but the pace of expansion has slowed. Industrial production, a measures of output at factories, workshops and mines jumped 9% in July, compared to a 9.2% rise in June. Retail sales in July rose by 12.2%. But that's also below June's 12.4% spike.

• Thursday, July 24th 2014 - 06:42 UTC

  Xi's Latam visit ends in Cuba where China consolidated trade and financial relations

  

  Chinese President Xi Jinping ended on Wednesday an eight-day trip through Latin America with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.

• Tuesday, July 22nd 2014 - 23:17 UTC

  China outdated meat supplier scandal hits McDonald's and KFC

  

  Chinese branches of fast food chains, including McDonald's and KFC, have stopped using meat from a supplier in Shanghai following allegations it sold them out of date meat. According to Xinhua, the state-owned news agency, authorities in Shanghai have ordered the suspension of operations at Shanghai Husi Food Co.

• Tuesday, July 22nd 2014 - 06:39 UTC

  China/Argentina swap disagreements to be addressed by courts in London and Paris

  

  Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.

• Tuesday, July 22nd 2014 - 06:25 UTC

  Venezuela admits its ever growing dependency from China

  

  Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.

• Monday, July 21st 2014 - 06:39 UTC

  “An intense week” of negotiations in a world that “becomes multi-polar again”

  

  President Cristina Fernández used her Twitter account on Sunday to comment on last week’s heavy agenda with the visit of Russia’s and China’s presidents and the BRICS-UNASUR summit in Brazil. “It has been an important week for Argentina,” she said.

• Saturday, July 19th 2014 - 08:16 UTC

  China extends a 'financial' hand to dollar and credit strapped Argentina

  

  Argentina signed deals on Friday to borrow 7.5 billion dollars from China at a time when Buenos Aires cannot access global capital markets because of disputes over unpaid debt. Beijing also extended a three-year agreement for an 11bn swap operation between the central banks of Argentina and China.