Uruguay's meat exports slid 6.5% in volume during 2013 compared to the previous year, but the big news is that China has become the main client for beef, followed by Nafta countries, (US, Canada and Mexico), according to the latest release from the country's National Meat Institute, INAC.
China has claimed that it is very likely that it overtook the US as the world's top trading nation, a title the US has held for decades. According to the latest data, China's total trade grew at an annual rate of 7.6% to 4.16 trillion dollars last year.
George Soros says stop worrying about the Euro-zone and look at the slower growth in China. The hedge fund boss, who built his fortune betting on the world’s money markets, is concerned that twenty years of rapid growth is about to run out of steam.
Uruguayan exports in 2013 increased 4.8% in value and reached a record 9,155 billion dollars with soybean the main item and China the leading trade partner. The data was released by the government export promotion organization Uruguay XXI, which sometimes is over optimistic.
Just days after the Chinese rover Jade Rabbit settled down on the moon, China is setting out to bolster its presence in another remote place: Antarctica. Chinese state media said on Thursday that construction workers are en route to the future site of China’s fourth Antarctic research station, after a pit stop at one of its other bases.
The commodities-exporting economies of Latin America will continue expanding in the years ahead, driven by demand from China despite slower growth in its economy, Nobel Prize-winning economist Joseph Stiglitz said during a conference round in Uruguay.
China expressed appreciation on Monday for Argentina's efforts to handle recent looting and damage to supermarkets owned by overseas Chinese. Beijing last week urged Buenos Aires to protect Chinese citizen's security and interests after one Chinese was killed in recent riots and looting.
The United States pledged support for ally Japan in a growing dispute with China over islands in the East China Sea and senior US administration officials accused Beijing of behavior that had unsettled its neighbors.
US has flown two B-52 bombers over disputed islands in the East China Sea in defiance of new Chinese air defense rules, officials say. China set up its air defense identification zone on Saturday insisting that aircraft obey its rules or face emergency defensive measures.
China began a four-day secret meeting on Saturday to set a reform agenda for the next decade as they try to push more sustainable growth after three decades of breakneck expansion. But analysts have cautioned against expectations for big changes as they say stability remains the watchword for the leadership.