Tag: China

• Monday, April 2nd 2012 - 05:28 UTC

  China’s Sinopec buys 30% stake in Portugal’s Galp operations in Brazil

  

  Chinese oil group Sinopec officially completed a deal to buy a 30% stake in Petrogal Brasil which is responsible for oil and gas exploration and production activities of Portugal’s Galp Energia in Brazil.

• Saturday, March 24th 2012 - 08:35 UTC

  Chinese manufacturing slumps for fifth month; Euro zone shows signs of recession

  

  Chinese manufacturing slumped for a fifth month in March and the Euro zone economy is showing new signs of wilting, according to surveys revealed this week that pointed to weakening global demand.

• Thursday, March 22nd 2012 - 01:46 UTC

  China announces more purchases of soybean during the first half of the year

  

  Chinese State of Administration of Grains revealed that the world's top buyer of soybeans is on course to import 25% more in the first half of this year than the first six months of 2011, which will benefit major producers Argentina, Brazil and US.

• Monday, March 19th 2012 - 23:28 UTC

  China and IADB agree on one billion investment fund; warnings from Brazil

  

  China and the Inter-American Development Bank said on Monday they are starting a 1-billion US dollars fund to invest in Latin America, though the Asian giant’s latest push to expand its influence in the region prompted words of caution from Brazil.

• Thursday, March 15th 2012 - 14:55 UTC

  Power struggle and ideological division exposed in China’s leadership

  

  Ambitious Chinese Communist Party leadership contender Bo Xilai has been sacked from his post as head of the city of Chongqing in a dramatic move that exposes growing ideological divisions just as a new generation readies to take power.

• Thursday, March 15th 2012 - 14:29 UTC

  Wen Jibao calls for ‘urgent reform; warns against another ‘Cultural Revolution’

  

  Chinese Premier Wen Jibao made a strong pitch for political reforms in the Communist ruled country, warning that a failure to carry out structural corrections could unleash the upheaval of another Cultural Revolution.

• Tuesday, March 13th 2012 - 07:07 UTC

  India confirms ban on cotton exports; China furious makes official complaint

  

  India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate at the weekend, even after top buyer China had criticised the move, which boosted global prices.

• Friday, March 9th 2012 - 01:12 UTC

  Latam vulnerable to trade shocks and highly China-dependent, warns IIF

  

  Economic growth in Latin America should speed to 4.5% in 2013 thanks to monetary stimulus and steadier global conditions, raising the risk of policy complacency, the Institute of International Finance said on Thursday.

• Tuesday, March 6th 2012 - 23:55 UTC

  China boosts domestic security budget to face growing unrest

  

  Premier Wen Jiabao said China would strengthen its military's capabilities to win “local wars under information-age conditions”, even as the government announced a steep 11.5% rise in domestic security spending to ensure stability ahead of a leadership transition.

• Tuesday, March 6th 2012 - 04:51 UTC

  China increases defense budget to 100bn dollars; India says it is closer to 150bn

  

  China has announced it will increase defense spending by 11.2% in 2012, for the first time taking its annual military expenditure beyond 100 billion dollars as it puts in place plans to modernize its Army against the backdrop of an uncertain regional environment.