Argentina and China launched an agreement to exchange tax information involving physical persons, business associations, trust funds, foundations and any entity liable of fiscal responsibility.
China is losing its edge as the world's cheapest place to manufacture goods, a new report suggests. Indonesia and Bangladesh are benefiting most as rising costs in China force firms to switch production, it says.
China’s imports hit a record monthly high in August, indicating a strong domestic demand despite concerns of a global economic slowdown. Imports surged by 30.2% from a year earlier to 155.6 billion dollars, government data released over the weekend showed.
China's rate of inflation eased in August, after hitting a three-year high in July, according to the National Statistics Bureau. Consumer prices in the world's second largest economy rose 6.2% from a year earlier, down from 6.5% in July.
Argentina expressed gratitude to China for its permanent support of the Malvinas Islands sovereignty claim in the longstanding dispute with Britain.
China and Argentina have agreed to further enhance mutual trust and their strategic partnership as the two emerging economies are playing an increasingly important role in the world arena.
Fitch Ratings warned that it might downgrade China's credit rating within two years as the country's banks struggle with debt loads following a lending surge to help lift the economy during the 2008 financial crisis.
China and the UK are to develop an offshore trading hub for the Yuan based in London. UK Chancellor George Osborne confirmed the agreement after meeting with Chinese vice-premier Wang Qishan in London.
Falklands-Malvinas is “under military occupation” and the military base “has more soldiers than the British civilian population occupying the Islands”, said Argentine ambassador before the United Nations Jorge Argüello during a conference at China’s International Studies Foundation.
Brazil decided to implement anti- dumping duties retroactively to prevent companies from stocking up on imported goods the government says pose a threat to local industry.