Tag: China

Wednesday, July 5th 2023 - 10:32 UTC
Bolivian leader in favor of switching from US dollars to yuan

Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we “move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.”
Tuesday, July 4th 2023 - 10:27 UTC
Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.
Tuesday, July 4th 2023 - 08:37 UTC
China's downturn and youth unemployment, cutting down marriages and new families

A report published by China's Ministry of Civil Affairs in June shows the number of marriage registrations across the country was the lowest in 37 years, following eight years of decline. Only 6.83 million couples tied the knot in the Asian nation last year.
Friday, June 30th 2023 - 10:32 UTC
Bolivia signs lithium production deals with Russian, Chinese companies

Bolivia's state-owned company Yacimientos de Litio Bolivianos (YLB) Thursday signed two separate agreements whereby Chinese and Russian companies will invest over US$1.4 billion to build two industrial complexes for the production of lithium carbonate, it was reported in La Paz.
Friday, June 30th 2023 - 10:28 UTC
Argentina to pay the IMF with Chinese money

Argentine authorities Thursday announced that ”the payment of 2.7 billion dollars to the IMF corresponding to the second quarter will be made, partly in Special Drawing Rights (SDR) of the Treasury and partly with yuan, without using Central Bank reserves.”
Wednesday, June 21st 2023 - 11:15 UTC
Biden spoils Blinken's trip to Beijing by likening Xi to a dictator?

United States President Joe Biden on Tuesday likened Chinese President Xi Jinping to a “dictator.” The comment came just a day after top US diplomat Anthony Blinken's trip to Beijing aimed at easing tensions between the two countries
Wednesday, June 21st 2023 - 04:34 UTC
Short of US dollars, Argentina advances towards trading and hoarding in Yuan

Argentina is increasing its use of Yuan to pay for imports from China, following the renewal and expansion of a currency swap agreement with Beijing. The use of the Chinese currency in bilateral trade amounted to 1.075 billion Yuan (US$ 150.5 million) in May this year. In the first ten business days of June, transactions worth 2.045 billion yuan ($286.3 million) were recorded, according to the Central Bank of Argentina Argentine Central Bank’s report on June 15.
Monday, June 19th 2023 - 10:33 UTC
US-China ties: Blinken, Qin try to keep dialogue channels open

US Secretary of State Antony Blinken met with Chinese Foreign Minister Qin Gang for more than five hours Sunday to keep channels open as the two countries are -in Quin's words- “at their lowest point since the establishment of diplomatic relations.”
Monday, June 19th 2023 - 10:00 UTC
Italy blocks Chinese company from taking control of tyre giant Pirelli

Italy has moved to block a Chinese state-owned company from taking control of tyre making giant Pirelli. The decision is part of measures announced by Italy's government to protect businesses considered strategically important, and as such Pirelli's independence.
Thursday, June 15th 2023 - 09:32 UTC
Blinken going to China amid growing tension between Washington and Beijing

US Secretary of State Antony Blinken will travel to China this weekend amid growing tension between the two countries in a move to keep lines of communication open, the State Department said.