Tag: China

• Thursday, July 11th 2013 - 06:53 UTC

  Time for China to become more Brazilian

  

  By Markus Jaeger (*) - What could China possibly learn from Brazil, economically? After all, real GDP growth in Brazil averaged 2.75% annually over the past three decades, compared to 10% in China. Moreover, Brazil’s consumption-oriented growth model is about to exhaust itself, while China’s investment-focussed strategy continues to generate high, if somewhat diminished economic growth.

• Thursday, July 11th 2013 - 06:34 UTC

  China’s June fall in exports and imports anticipate grim outlook for world trade

  

  China has warned of a grim outlook for trade as the world's second-largest economy surprised financial markets by reporting a fall in exports and imports when both had been expected to rise. The June data showed that exports fell 3.1% from a year earlier and imports dropped 0.7%, according to customs officials.

• Wednesday, June 26th 2013 - 17:15 UTC

  Ecuador tells Washington to submit its position on Snowden case ‘in writing’

  

  Ecuador said on Wednesday the United States must “submit its position” regarding Edward Snowden to the Ecuadorian government in writing as it considers the former U.S. spy agency contractor's request for asylum. Ecuador, in a statement from its embassy in Washington, said it would review the request “responsibly”.

• Tuesday, June 25th 2013 - 19:49 UTC

  Chinese stocks tumble as Beijing announces an end to the era of cheap credit

  

  Chinese stocks touched a four-and-a-half-year low on Tuesday amid persistent concerns over the government's credit-tightening policy. The Shanghai Composite SSE index fell as much as 5.8% at one point, before a late rally meant it ended down 0.3%.

• Friday, June 21st 2013 - 16:41 UTC

  Russia to supply China 270bn dollars in oil on 25 year contract

  

  Russian state oil company Rosneft has agreed to double its oil supplies to China, in a deal worth 270bn dollars over 25 years. Under the terms of the deal, Rosneft will supply 300.000 barrels of oil a day to China starting in 2015.

• Wednesday, June 19th 2013 - 23:23 UTC

  Australian red meat exports to China break new record in May: 20.964 tons

  

  Australian red meat exports (beef, lamb, mutton and goat meat) to China continue to go from strength to strength, with total shipments for May surpassing the previous all-time high registered in February.

• Friday, June 14th 2013 - 08:20 UTC

  Nicaragua approves transoceanic canal to rival with Panama and to be built by Hong Kong company

  

  The Nicaraguan Congress has approved a proposal to have a canal built linking the Pacific and the Atlantic Oceans. A Hong Kong-based company has been granted a 50-year concession to build the waterway, which will rival the Panama Canal.

• Wednesday, June 12th 2013 - 07:20 UTC

  China set eyes on Latam agriculture to promote cooperation and food security

  

  China is determined to strongly stimulate agriculture cooperation with Latin America to improve bilateral trade in the field, develop farming technology and improve productivity. This was the main conclusion of the recent China/Latinamerica Agriculture Cooperation Forum held in Beijing which convened over twenty Agriculture ministers from the region with host minister Han Changfu.

• Tuesday, June 11th 2013 - 05:18 UTC

  Fast-track debate in Nicaragua to consider Chinese project for an inter-ocean canal

  

  Nicaragua is moving closer to granting a Chinese company a 100-year concession to build and operate a canal linking the Atlantic to the Pacific.
  Construction of the waterway would take 10 years and cost 40 billion dollars.

• Monday, June 10th 2013 - 22:31 UTC

  Slower global agricultural production in next decade but prices above historic average, says FAO

  

  Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to a new report published by the OECD and FAO released this week.