Argentine Ambassador to China, César Mayoral announced in Beijing that the soybean oil conflict with Beijing that has been ongoing since the beginning of the year “will be solved in the short term.”
China and Argentina signed 18 agreements covering infrastructure, energy and railway projects on Tuesday during Argentine President Cristina Fernandez de Kirchner second day official visit which included talks with her Chinese counterpart Hu Jintao and with Vice-Premier Hui Liangyu.
Argentine President Cristina Kirchner called on Monday for an international system of financial regulation ahead of the G20's next meeting in Seoul.
China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the currency gain after the U.S. said the Yuan “remains undervalued.”
Soy-bean imports by China, the biggest buyer, jumped to a record in June after a halt to Argentine soy oil shipments and increasing feed consumption boosted demand from crushers, according to Bloomberg.
Argentine president Cristina Fernández de Kirchner arrived Sunday in Beijing with a delegation of 70 businessmen and an agenda concentrated on trade issues including one which is fundamental for Argentina, the resumption of soy-oil sales to China which have been banned for several months.
China’s central bank said on Thursday it will stick to a moderately loose monetary policy as economic growth becomes better balanced between consumption, investment and exports.
Argentine president Cristina Kirchner will be signing 10 billion US dollars in trade agreements with China during her official visit to the Asian giant scheduled to begin next July 13, according to Foreign Affairs minister Hector Timerman.
Brazilian aircraft manufacturer Embraer announced Tuesday the creation of a technical-services subsidiary in China, where the company has been building planes since 2003 in a joint venture with a Chinese firm.
China National Offshore Oil Corp., the country’s third-largest oil and gas company, declined to comment on reports it is holding talks to buy as much as 9 billion US dollars of BP Plc’s assets in South America.