Peru's President Pedro Castillo Thursday highlighted China's importance as a strategic Asia-Pacific partner in terms of foreign trade and investments.
Uruguay's Agriculture and Livestock Minister Fernando Mattos explained during the weekend that in addition to a batch of Uruguayan beef turned down by China at the port of destination for containing excessive amounts of fat, a similar case had been detected in the port of Montevideo, which was ready to be shipped.
Argentine Defense Minister Jorge Taiana and Governor Raúl Jalil of the province of Catamarca signed late last week an agreement whereby the national Army will set up a military unit in the provincial capital.
Brazil's major protein producer and exporter, Marfrig Global Foods, also the world's largest supplier of hamburgers started this month shipments to the United States from two of its plants, one in Chupinguaia, state of Rondonia and the other at Alegrete, Rio Grande do Sul.
Uruguay's Foreign Minister Francisco Bustillo Tuesday announced the formation of a preliminary negotiating team to start talks with China over a future free trade agreement.
Argentina will resume meat exports to China as of this coming Monday, it was announced Tuesday in Buenos Aires.
The Chinese mega real estate group Evergrande shares tumbled 11,6% on Friday in the Hong Kong stock exchange, following on Thursday's nonpayment of US$ 84 million in interests on maturing offshore bonds.
A regulatory decision Friday by The People’s Bank of China (PBOC) has led to a sharp fall in the price of cryptocurrencies such as Bitcoin and Ethereum, which have dropped over 6% and 10% respectively after bouncing back in previous weeks.
China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
“We believe the Chinese authorities have the fiscal and monetary capacity to ”shock absorb“ giant real estate promoter Evergrande”, said OECD chief economist Laurence Boone.