Tag: China

• Saturday, May 28th 2022 - 10:15 UTC

  FTA with China would not make Uruguay dependent, Lacalle tells BBC

  

  Uruguayan President Luis Lacalle Pou said in an interview with the BBC that in case or reaching a Free Trade Agreement with China, it would not generate dependence, because in his country politics and economics were separate issues.

• Saturday, May 28th 2022 - 10:10 UTC

  China forecasted to reduce soy oil consumption because of the lockdowns

  

  Plunging demand for soy oil in China is expected to cut consumption of the oilseed in the world’s biggest user as lockdowns to prevent the spread of COVID have shuttered restaurants and canteens, according to traders and analysts. China is the world’s top consumer of edible oils, with millions of restaurants guzzling about half of the country’s roughly 17 million tons of soy oil, made from crushing soybeans.

• Wednesday, May 25th 2022 - 09:39 UTC

  China needs no teachers telling it how to defend human rights, Xi says

  

  Chinese President Xi Jinping and United Nations High Commissioner for Human Rights Michelle Bachelet met virtually Wednesday ahead of the former Chilean President's visit to areas mentioned in recent reports where an alleged “genocide” has been perpetrated.

• Tuesday, May 24th 2022 - 09:00 UTC

  Biden on Asian tour amid growing military threats from China, N.Korea

  

  US President Joseph Biden and Japanese Prime Minister Fumio Kishida met Monday at Tokyo's State House to discuss their two countries' joint deterrence and response capabilities in case of a military conflict involving China, which has sent dozens of warplanes into Taiwan's Air Defense Identification Zone in recent weeks.

• Friday, May 20th 2022 - 19:24 UTC

  China Eastern airliner brought down intentionally from within, WSJ says

  

  Investigators from the United States probing the March 21 accident of a China Eastern Boeing 737-800 airliner in which all 132 occupants lost their lives have hinted someone in the cockpit intentionally caused the crash.

• Monday, May 16th 2022 - 09:26 UTC

  Weighting SDR's currency basket, Dollar and Yuan up; Euro, Yen and Pound down

  

  IMF increased the Chinese Yuan's weighting in the Special Drawing Rights (SDR) currency basket to 12.28% from 10.92% in its first regular review of the SDR valuation since the Chinese currency was first included in the basket in 2016, the Chinese central bank, PCB, reported on Sunday.

• Monday, May 16th 2022 - 09:13 UTC

  China cuts mortgage rates for first home buyers; combats real estate giants speculation

  

  China wants to inject more dynamism to the housing market and the Central bank plus the insurance regulator announced on Sunday a significant interest rate cut for first home buyers. This follows on almost two years of rampant speculation among giant real estate companies that almost led to a collapse of the market.

• Friday, May 6th 2022 - 09:49 UTC

  Despite record profits, Maersk warns of stagflation and Chinese factory closures

  

  Møller-Maersk has warned of growing economic risks including potential stagflation and Chinese factory closures even as the world’s largest container shipping group by profits reported a record quarter.

• Wednesday, May 4th 2022 - 09:04 UTC

  Beijing boasts Chinese companies purchase Russian coal and oil paying with Yuans

  

  Several Chinese companies purchased Russian coal paying in Chinese currency in March, and the first shipment would be made in April, according to Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries. This is also the first shipment of Russian commodities paid in Yuan to arrive in China after Russia was sanctioned by Western countries.

• Saturday, April 30th 2022 - 09:40 UTC

  Chinese citizens, economy fear measures more than they fear COVID-19 itself

  

  The COVID-19 pandemic has almost the whole world going in one direction and China doing quite the opposite and measures of the utmost severity have led to the strict confinement of some 343 million people to enforce a “zero-tolerance” policy as cases of the Omicron variant keep being detected through mass, compulsory testing.