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MercoPress, en Español

Montevideo, May 9th 2025 - 08:51 UTC

Tag: China

  • Wednesday, June 11th 2014 - 01:54 UTC

    China's Yuan gaining ground as world currency even for the US

    The US figures only behind Singapore and UK in Yuan payments value

    SWIFT's Tracker for the Chinese currency (Yuan or Renminbi, RMB) shows that United States' Yuan payments value increased by 327% between April 2013 and April 2014, placing the United States at number three 3 in the world for payments value, excluding China and Hong Kong.

  • Wednesday, May 28th 2014 - 20:54 UTC

    China's oil giant at center of corruption probe

    There's a spiraling drive against corruption that has become a hallmark of President Xi Jinping's rule

    Grins were on the faces of China National Petroleum executives last week as they celebrated a blockbuster 30-year deal for Russian gas. It was a good day for CNPC, the state-owned colossus at the center of China's oil and gas webs and one of Eurasia's biggest energy investors.

  • Thursday, May 22nd 2014 - 00:46 UTC

    Russia's Weakened Hand Could Pay Off For Beijing In Major Gas Deal

    Presidents Putin and Xi Jinping in Beijing when the final agreement was announced

    A major gas deal between Russia and China was finally sealed this week when Russian President Vladimir Putin was on a two day visit to China on May 20-21 and met with President Xi Jinping. In the lead up to Putin's arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas deal a decade in the making, and Russian officials have suggested that the deal will be completed by Putin's arrival.

  • Wednesday, May 21st 2014 - 06:23 UTC

    China protests US claims of cyber spying and warns of ‘harmed relations’

    Zheng told Baucus that the US attitude to Internet security was “overbearing and hypocritical”

    China has summoned the US ambassador who had accused five Chinese military officers of hacking into American companies to steal trade secrets, warning Washington it could take further action, the foreign ministry has said.

  • Monday, April 28th 2014 - 08:48 UTC

    Chinese minister underlines the 'strategic' significance of Brazil for Beijing

    Wang Yi, working together for a global multi-polar process

    The relationship between China and Brazil has “extensive significance” due to their position as two primary emerging market countries and economies, visiting Chinese Foreign Minister Wang Yi said here in Brasilia.

  • Thursday, April 24th 2014 - 08:11 UTC

    Argentine and China reaffirm close trade and political links

    Minister Wang Yi with President Cristina Fernadez at the Casa Rosada

    Argentine President Cristina Fernández received on Wednesday China’s Foreign Ministry Wang Yi and signed several trade agreements, including aerospace infrastructure at the Government House, Buenos Aires City. During the meeting, the president was accompanied by Cabinet Chief Jorge Capitanich, Economy Minister Axel Kicillof, Federal Planning Minister Carlos Julio De Vido and Foreign Minister Héctor Timerman, with whom Wang Yi had a previous meeting.

  • Thursday, April 24th 2014 - 07:59 UTC

    China making inroads into Brazilian trade with Argentina, says CNI

    “We are losing our market in Latin America. Our competitiveness is being constantly called into question”, complains Carlos Abijaodi

    Argentina's economic situation has hit Brazil harder than its other commercial partners, as China has been making inroads into Brazilian trade with Argentina. Chinese exports to Argentina have more than tripled in the last ten years, according to a study carried out by Brazil's National Confederation of Industry, (CNI).

  • Wednesday, April 23rd 2014 - 05:37 UTC

    Brazil anticipates lower soy exports because of a weaker Chinese demand

    Anyhow the export volume is expected to reach 43 million tons

    Brazilian soy crushing association Abiove said on Tuesday the nation would export 43 million tons of soybeans from this season's nearly harvested crop, down from its forecast of 44 million tons a month earlier due to weaker Chinese demand.

  • Thursday, April 17th 2014 - 07:47 UTC

    Yuan is 'significantly undervalued' US Treasury tells China

    A stronger Chinese Yuan will make foreign imports cheaper

    United States has told China its currency must be allowed to rise if it and the global economy are to see stable growth. The US Treasury's twice-yearly report to policymakers says the Yuan is “significantly undervalued”.

  • Tuesday, April 8th 2014 - 19:10 UTC

    China and East Asia expected to grow at slower pace this year, says World Bank

    Chinese reforms are expected to have a profound impact on land, labor, and capital markets,

    The World Bank has trimmed its growth forecast slightly for China, citing a “bumpy start to the year”. It now expects the Chinese economy to grow by 7.6% in 2014, down from its earlier projection of 7.7%. A slew of disappointing figures has triggered concerns of a slowdown in the world's second-largest economy.