Tag: China

• Thursday, October 13th 2011 - 23:41 UTC

  IMF says China can partially offset the impact of a global crisis

  

  China has the scope to respond if global economic risks materialize, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.

• Tuesday, October 11th 2011 - 07:48 UTC

  China to increase oil and sales tax (5 to 10%) to reduce consumption

  

  China will expand a tax on oil and natural gas sales to the entire country as of November first to try and reduce consumption. The tax will be 5-10% of sales, the State Council said Monday.

• Monday, October 10th 2011 - 23:00 UTC

  China warns Washington of a ‘trade war’ if US Senate votes punishing the Yuan

  

  China reiterated that an expected vote this week in the US Senate on a bill intended to pressure Beijing to allow its currency to raise if made into law would result in a trade war and hurt US-China ties.

• Sunday, October 9th 2011 - 09:56 UTC

  China's JAC motors to build factory in Brazil, hoping to avoid higher import taxes

  

  Chinese automaker JAC Motors announced Friday it will invest 500 million dollars to build a factory in Brazil's north-eastern Bahia state its first outside China.

• Friday, October 7th 2011 - 22:21 UTC

  Predominance of Chinese demand rattles Chile’s economic prospects

  

  Even when the price of copper, Chile’s number one export, only begun to recover Friday of continued consecutive falls, in September and the first week of October the red metal reached its lowest level in 14 months.

• Thursday, October 6th 2011 - 17:06 UTC

  China, the white knight of success, is facing its own debt bubbles

  

  With its deep pockets and buoyant growth, China has been touted as a white knight for the world economy. But fears are growing that the country may face its own debt crisis as its economy shows signs of a slowdown.

• Thursday, October 6th 2011 - 08:41 UTC

  Fitch warns Latam commodity-exporting countries of a ‘hard-landing’ in China

  

  According to a new special report issued by Fitch Ratings released Wednesday, a potential 'double-dip' in the US or a hard-landing in China would have negative economic implications for Latin American countries.

• Wednesday, October 5th 2011 - 07:52 UTC

  Wool prices suffer considerable tumble in September but still above a year ago

  

  Wool prices suffered a considerable tumble during September in line with the bearish market for commodities as a result of global economic uncertainty, although values are still considerably higher than a year ago.

• Friday, September 30th 2011 - 17:57 UTC

  For Latam the role of the Yuan as an international currency is “inevitable”

  

  The role of the Yuan as an international currency is “inevitable” and it is most feasible that Latin American countries will begin accumulating foreign exchange reserves in that currency forecasted an Argentine expert in foreign relations.

• Friday, September 30th 2011 - 16:27 UTC

  Latin America remembers and praises links with Beijing on China’s National Day

  

  With China's National Day hours away, (October first), countries across Latin America pledged to further deepen ties with China, one of their biggest trade partners.