China's rate of inflation has fallen in November to its slowest pace in 14-months. Consumer prices rose at 4.2% compared with the same month last year, the National Bureau of Statistics said this week.
China will attempt to counterbalance the drop in exports to the European Union and the United States concentrating in emerging markets such as Latin America and Asia, said on Wednesday Wang Shouwen, head of International Trade from the Beijing Ministry of Trade.
China and Bolivia have agreed to strengthen military relations which are a continuation of the “excellent links in other fields”, according to an official press release in Beijing
The US top Republican on the Senate Foreign Relations Committee said President Barack Obama is missing opportunities to strike closer ties with Brazil, allowing China to steal market share from US companies in Latin America’s biggest economy.
Chinese president Hu Jintao was the first to congratulate the newly formed CELAC and expressed Beijing’s wishes to strengthen trade relations, cooperation and political understanding with the region.
China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.
Peruvian Prime Minister Salomon Lerner said that China’s direct investments in the country would increase between 30% and 40% in the next two years. China became this year Peru’s main trade partner.
Global markets fell Wednesday after more evidence emerged that the global economy is faltering fast and that the Euro zone is heading for a recession as the debt crisis spreads to the bigger economies like Italy and Spain.
Thousands of demonstrators marched on Monday in south China to protest against a local land grab, carrying banners and shouting slogans opposing 'dictatorship' and 'corruption', locals said.
Peruvian President Ollanta Humala emphasized on Monday the importance of trade and investment relations with China, both for Peru and the region during the opening in Lima of the two-day 5th China-Latin America Business Summit