Tag: China

Friday, June 8th 2012 - 20:21 UTC
China lowers key rates and gives banks more flexibility to help boost growth

China has cut its key interest rates for the first time since 2008, in an attempt to boost its slowing growth. The benchmark one-year loan rate was cut by a quarter of one percent to 6.31% while deposit rates were cut from 3.5% to 3.25%.
Friday, June 8th 2012 - 01:35 UTC
China interested in a trade agreement with Mercosur reveals Uruguay

China has offered Mercosur to consider the possibility of negotiating a free trade agreement revealed Uruguay, when the South American block is going through one of its worst moments ever so distant from the integration process pledges of 1991.
Friday, June 8th 2012 - 01:19 UTC
Uruguay hopes China will build and finance a deep-sea port on the Atlantic

Uruguay’s long standing dream of building a deep-water port in the east of the country could become a reality in coming days when China’s Prime Minister Wen Jiabao visits the country, according to the government financed newspaper La Republica.
Tuesday, June 5th 2012 - 02:54 UTC
China attempting to beat deepest manned submersible dive record (7.000 metres)

An oceanographic ship carrying China's manned deep-sea submersible, Jiaolong, left the eastern port city of Jiangyin on June 3 for the Mariana Trench to attempt the world's deepest manned submersible dive.
Friday, June 1st 2012 - 02:24 UTC
Uruguay looks to China to expand trade and services, and attract more investment

Uruguay looks forward to increase trade with China in value and diversification as Beijing commands a bigger economic and cooperation role in South America, Uruguayan Foreign Minister Luis Almagro said in an interview with China Daily.
Friday, May 25th 2012 - 22:16 UTC
China’s April exports to Argentina fell 34.4%, largest monthly drop since 2009

China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession, signalling the deepening negative influence of Argentina's trade protectionism on bilateral trade, analysts and trade experts said, quoted by the official Beijing news agency.
Thursday, May 24th 2012 - 16:27 UTC
China to take measures to boost demand fearing economy slowdown

China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy. The government said it will encourage private investment in sectors such as energy, railways and telecommunications.
Monday, May 14th 2012 - 18:29 UTC
China opens its market to Chilean beef and lamb plus avocados and berries

China has opened its market to Chilean meat, avocados and blueberries following the visit of Agriculture minister Luis Mayol who anticipated further discussions for the sale of live cattle and dairy produce.
Thursday, May 10th 2012 - 20:26 UTC
China’s trade feeling the pinch of EU recession and US anaemic recovery

China's export and import growth slowed in April raising fears about a sharp slowdown in its economy and triggering calls for monetary policy easing. Exports rose by 4.9% in April from a year earlier, down from the 8.9% annual growth seen in the previous month, a sign that global demand may be slowing.
Tuesday, May 8th 2012 - 22:37 UTC
China buying oil from Iran using the Yuan, reveals Teheran ambassador in UAE

China is buying crude oil from Iran using its currency the Yuan, an Iranian diplomat has said. Oil transactions are usually settled in dollars but US sanctions make it difficult for Iran to accept payments in the US currency.