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.
China's state news agency Xinhua has launched a 24-hour global news channel in English. Officials said CNC World would present an international vision with a China perspective.
General Motors CEO Ed Whitacre Jr. told analysts Tuesday that the automaker has changed since bankruptcy from a “shell-shocked” and “overly complicated company” to a sharply focused one that has a clearer sense of its global strengths and a passion to win back customers in the United States.
China and Taiwan have signed a historic trade pact, seen as the most significant agreement since civil war split the two governments 60 years ago. The Economic Co-operation Framework Agreement (ECFA) removes tariffs on hundreds of products. It could boost bilateral trade that already totals 110 billion US dollars a year.
Argentina’s newly appointed Foreign Minister Héctor Timerman said that China expressed “strong support” for Argentina’s sovereignty claim over the Falklands and other South Atlantic islands, but was disappointed by the bias coverage of the Buenos Aires press.
Nobel laureate Paul Krugman said China’s pledge to make the Yuan more flexible was an “exercise in bad faith” intended to fend off international pressure for a stronger currency at this week’s Group of 20 leaders’ summit.
Argentina has reached an agreement with China to end the freeze on Argentine soy-oil imports, the government said on Friday. However given the cumbersome negotiation process some Argentine traders are waiting for an official confirmation from Beijing.
Between January and May of 2010, Chile shipped approximately 12.7 billion US dollars in commodities to Asia; in this five-month span, 83% of Asia-bound exports were sent to China, Japan, and South Korea.