Tag: China

• Thursday, January 17th 2019 - 09:08 UTC

  China injects US$ 83bn to the financial system hoping to prop a declining economy

  

  China’s central bank injected a record US$ 83 billion into the country’s financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy. China’s policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.

• Tuesday, January 15th 2019 - 09:23 UTC

  Macri praises Chinese investment in hydropower projects in Patagonia

  

  Argentina's president Mauricio Macri on Monday said the joint Argentina-China hydropower megaproject is “highly important” and “emblematic” in terms of renewable energy and economic development. Macri made the remarks during his first official visit to the construction site of the project, where two hydroelectric dams, Condor Cliff and La Barrancosa, are being erected along the Santa Cruz River in Patagonia to boost national energy output.

• Tuesday, January 15th 2019 - 08:41 UTC

  China's trade figures point reveals a strong weakening of the economy, and global demand

  

  Chinese exports saw the steepest fall for two years in December, according to the latest trade figures. Exports from China fell 4.4% last month compared with the year before, while imports fell 7.6%. The figures indicate a further weakening in the strength of the world's second biggest economy and sent Asian stock markets lower on Monday.

• Friday, January 11th 2019 - 12:39 UTC

  World oceans warming up more rapidly, caution US and Chinese scientists

  

  The world's oceans are heating up at an accelerating pace as global warming threatens a diverse range of marine life and a major food supply for the planet, researchers said on Thursday. The findings in the US journal Science, led by the Chinese Academy of Sciences, debunk previous reports that suggested a so-called pause in global warming in recent years.

• Friday, January 11th 2019 - 08:48 UTC

  China's “insatiable appetite” for seafood is straining South America's resources

  

  China's “insatiable appetite” for seafood is straining the limited abilities of South American countries to enforce their maritime boundaries, according to an article in Dialogo, a website run by US Southern Command. Countries on the Atlantic and Pacific coasts have been affected, and most of the illicit fishing activity in those areas is done by Chinese vessels.

• Thursday, January 10th 2019 - 09:30 UTC

  China/US technical trade talks end with “understanding of each others' concern”

  

  Trade talks between China and the United States this week were extensive, and helped establish a foundation for the resolution of each others' concerns, China's commerce ministry said on Thursday, but gave no details on the issues at stake.

• Thursday, January 10th 2019 - 09:07 UTC

  World's biggest vehicle market faces first annual sales fall in twenty years

  

  Car sales in China, the world's biggest vehicle market, have seen their first annual fall in twenty years. Sales fell 6% to 22.7 million units in 2018, according to the China Passenger Car Association (CPCA).

• Thursday, January 10th 2019 - 08:40 UTC

  Jaguar Land Rover is cutting 5.000 jobs from its 40.000 strong UK workforce

  

  Jaguar Land Rover (JLR) will announce on Thursday it is cutting up to 5,000 jobs from its 40,000 strong UK workforce. Management, marketing and administrative roles are expected to be hardest hit, but some production staff may also be affected.

• Thursday, January 10th 2019 - 08:32 UTC

  Brazil's soybean crop forecast cut 4.5m tons: hot spell in southern states

  

  Brazil’s 2018/19 soybean crop forecast was cut to 116.9 million tons on Wednesday from 121.4 million tons late in November, said consultancy AgRural, blaming extreme heat and a dry spell in southern areas for the smaller projection.

• Wednesday, January 9th 2019 - 14:49 UTC

  Brazil's Bovespa closes above 92.000 points for the first time ever

  

  Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.