Tag: China

Thursday, October 31st 2013 - 17:58 UTC
Putin displaces Obama from Forbes' list of the most powerful people

President Barack Obama has been demoted to second place from Forbes' Most Powerful People list which has named Russia's President Vladimir Putin as the leader of the pack.
Monday, October 28th 2013 - 13:50 UTC
China capitalist reforms: break up state monopolies, land reform, Yuan reserve currency

A Chinese top government think tank has unveiled a detailed road map for a series of far-reaching economic policy changes, in one of the strongest indications yet that the Communist Party intends to stay on the path of reform
Sunday, October 13th 2013 - 12:09 UTC
China becomes world’ biggest net importer of oil displacing the US

$US is increasingly able to support itself after the growth of its domestic hydraulic fracturing, or fracking$

China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows. The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data. Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA). In the US, the figure was 6.1 million.
Thursday, September 19th 2013 - 19:31 UTC
China has become Uruguay’s main market for beef taking 25% of exports

China in just a year has become Uruguay’s main client for beef absorbing 25% of exports equivalent to 190 million dollars in the last agriculture year (July 2012/June 2013). Uruguay exports totalled 390.000 tons according to the latest release from the country’s Meats Institute, INAC.
Wednesday, September 18th 2013 - 06:43 UTC
China will help Venezuela develop a huge oil field investing 14bn dollars

China’s hydrocarbons company Sinopec and Venezuela’s PDVSA (Petroleos de Venezuela SA) agreed investments to develop the Junin 1 oil field in the Orinoco oil strip, which will demand 14 billion dollars for a daily extraction of 200.000 barrels, said PDVSA president Rafael Ramírez currently in Beijing.
Wednesday, September 18th 2013 - 01:03 UTC
Chinese luxury cruise vessel pays bond and is released after four days

A Chinese luxury cruise ship impounded in South Korea for days due to a legal dispute has been released and returned to China, an official said Tuesday.
Friday, August 30th 2013 - 23:30 UTC
Falklands’ conflict erupts as example for current Japan/China clash over disputed islands

Japan’s outspoken Finance minister and Deputy Prime Minister Taro Aso said that the Japanese government needs to make it clear that they intend to defend the Senkaku Islands from whatever invading force. This is to avoid what happened to the Falkland Islands when Argentine troops triggered a war with British forces by landing on the disputed islands in 1982.
Friday, August 30th 2013 - 00:34 UTC
China company takes 33% stake in US Apache Corp. oil and gas business in Egypt

China Petrochemical Corporation, Sinopec, has agreed to buy a 33% stake in the Egyptian oil and gas business of US firm Apache Corporation. Sinopec will pay Apache 3.1bn dollars in cash for the stake. The deal is the latest in a series of similar moves by Chinese oil firms as they look to secure energy supplies to meet growing domestic demand.
Thursday, August 29th 2013 - 03:17 UTC
China calls for restraint in Syria and says military intervention can only worsen the crisis

China's foreign minister urged restraint in the growing tensions over Syria, saying any military intervention in the crisis would only worsen turmoil in the Middle East. China all along has tried to maintain a neutral position on the issue, not accompanying the West’s intentions of imposing sanctions to Syria but calling on Damascus to begin talking with the rebels.
Thursday, August 22nd 2013 - 23:43 UTC
China will build and finance two dams in Patagonia equivalent to 10% of Argentine power demand

Argentina's government this week awarded a 4 billion dollars contract for the construction of two hydroelectric dams to a consortium led by China Gezhouba (Group) Co. and which includes Argentine firms Electroingenieria SA and Hidrocuyo SA.