Tag: China

• 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.

• Friday, June 9th 2023 - 11:21 UTC

  WSJ says China plans to install spying base in Cuba

  

  According to The Wall Street Journal (WSJ), the governments of China and Cuba signed an agreement whereby the Asian nation will install a spy base on the Caribbean island to intercept communications of all kinds in the United States.

• Saturday, June 3rd 2023 - 12:11 UTC

  New currency swap with China gives Argentina some financial relief

  

  Argentina will have US$ 10 billion to play on the domestic foreign exchange market and avoid a steeper devaluation of the peso after renewing a currency swap with China, Economy Minister Sergio Massa announced in Beijing Friday.

• Wednesday, May 31st 2023 - 11:00 UTC

  Minister Massa announces agreements for about US$ 1 billion

  

  Argentina's Minister of Economy, Sergio Massa, announced from Shanghai that he has obtained financing for approximately US$ 1 billion for investments and disbursements that will strengthen the Central Bank's reserves.