China and Brazil signed an agreement to do billions of dollars of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the US dollar and Euro.
Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said on Thursday.
Chinese President Xi Jinping told US Treasury Secretary Jacob Lew in Beijing on Tuesday that he wants to build a new type of relationship with Washington centred on core interests.
China will provide up top 2 billion dollars for an Inter American Development Bank (IDB) fund, in support of projects for the public and private sector that promoted sustainable growth in the region.
China's new President Xi Jinping will fight for a great renaissance of the Chinese nation, he said Sunday as the world's most populous country completed its once-in-a-decade power transition.
China's leaders have named Li Keqiang as premier, placing him at the helm of the world's second-largest economy. Mr Li, who already holds the number two spot in the Communist Party, takes over from Wen Jiabao.
China's inflation rate hit a 10-month high in February, as Lunar New Year festivities drove up food prices. Consumer prices rose 3.2% from a year earlier, with food prices up by 6%. Likewise exports rose more than expected in February, probably indicating that the Chinese economy could be in an upturn.
By Gwynne Dyer - Chinese survey vessels go into the waters around the disputed islands and Japanese patrol ships tail them much too closely. Twice last month Chinese maritime surveillance aircraft flew into the airspace around the Japanese-controlled islands and Tokyo scrambled F-15 fighters to meet them. On the second occasion, China then sent fighters too. Can these people be serious?
Interest in the Falkland Islands’ dispute with Argentina, assimilated to the current Senkakus/Diayous islands situation in Asia apparently has not been limited to the quotes made by Prime Minister Shinzo Abe before the Japanese Parliament but also in another minor experience precisely in the Falklands and involving the Editor of the Penguin News, the local weekly newspaper of the Islands.
Japan's prime minister on Thursday quoted comments by former British premier Margaret Thatcher about the Falklands War with Argentina as he spoke about Tokyo's acrimonious islands’ dispute with China.