The Argentine Central Bank received this week the second part of a multi-billion dollar currency swap with China’s Central Bank, worth the equivalent of 508 million dollars. The swap allowed Argentina to bolster its foreign reserves, which rose 506 million and closed at 28.785 billion dollars.
China and Australia have sealed a major free trade agreement, as Chinese President Xi Jinping made a rare address to parliament in Canberra. The deal, the result of a decade of talks, will open up markets worth billions of dollars, Canberra says.
Chinese President Xi Jinping met his Brazilian counterpart Dilma Rousseff in Australia on the sidelines of the G20 summit, calling for substantial progress in China-Brazil railway cooperation and further expanding trade and investment.
For almost a year, China has been pitching an idea to its neighbors in Asia: a big, internationally funded bank that would offer quick financing for badly needed transportation, telecommunications and energy projects in underdeveloped countries across the region.
Beijing's new ambassador before the Argentine government underlined the excellent relations between the two countries and reiterated China's support to Argentina in the issue of sovereign debt and claims over the Falklands/Malvinas Islands.
Argentina's central bank chief, Juan Carlos Fabrega, met his Chinese counterpart Zhou Xiaochuan in Basilea, Switzerland on Sunday to discuss how a currency swap worth billions of dollars will be put into action, the Argentine monetary authority said.
Pope Francis ended his first official visit to Asia on Monday with a fresh overture to China and a call for reconciliation between South Korea and its totalitarian neighbor, North Korea. As the pope flew across Chinese airspace on his return flight to Rome, he sent a telegram — his second during the trip — to President Xi Jinping, expressing his “divine blessings” for the powerful leader and the Chinese people.
Chinese President Xi Jinping ended on Wednesday an eight-day trip through Latin America with a visit to eastern Cuba, where both the island's independence struggle against Spain and Fidel Castro's revolution began.
Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.
Venezuela confirmed Monday that its relations with China have become a fundamental pillar for making progress in almost all sectors of its economy. With a new portfolio of accords and almost 5.7 billion in loans, Beijing will provide support in many key areas.