
China has increased its global trade ninefold in the twenty years since joining the World Trade Organization, WTO, well ahead of the United States, according to the UN Conference on Trade and Development, UNCTAD.

Brazil's beef exports plummeted during October as a consequence of the ban on purchases from its main client, China. Last October sales dropped to 82,180 tons compared to 162.880 a year ago, according to Secex, Brazil's foreign trade secretariat.

The Chinese carmaking company Lifan has announced it would halt all of its operations in Uruguay and leave the country after agreeing to pay overdue wages to some 60 workers who have been laid off and alre already on unemployment insurance.

Chinese authorities have decided to shut down Disneyland and Disneytown temporarily In Shanghai between Monday and Tuesday out of COVID-19 concerns, it was announced.

As the Glasgow COP26 climate Summit was starting, US President Joseph Biden said from Rome that the United States and the European Union had agreed to negotiate the world's first trade agreement based on how much carbon is in a product.

Brazil's Minister of Agriculture, Tereza Cristina, denied that diplomatic relations with China are strained and said that she does not see the continuation of the Chinese ban on Brazilian beef, which has lasted for nearly two months, as a political act.

China’s customs administration said this week that it had approved beef imports from Italy as of October 26th. China relies heavily on imports to meet the growing demand for meat from an increasingly affluent middle class.

Chinese authorities have decided to go back to restrictive sanitary measures as around 133 cases of COVID-19 were detected in 11 provinces last week. The Beijing marathon has also been suspended.

China's decision to uphold a ban on meat imports from Brazil means US $ 450 million less for the coffers of President Jair Bolsonaro's administration, it was reported Wednesday. It was also good news for Uruguay.

Brazil's minister of agriculture and livestock Tereza Cristina has sent a letter to the head of Beijing's Customs office in which she expresses her willingness to discuss the current ban on Brazilian beef exports to China, according to farm media.