The prices of the base metals rose on Wednesday in London, boosted by rising industrial profits in Chinathe main consumer of metals, while aluminum reached eight-month highs due to technical purchases and concerns about supply. When operations resume after the Christmas holidays, three-month aluminum in the London Metal Exchange (LME) gained 2% to US$2,373.5 a […]
Tag: China
The US extends tariff exclusions for some Chinese categories until May 31
The office of United States Trade Representative Katherine Tai announced on Tuesday a new extension of the “Section 301” tariff exclusions of China in 352 Chinese imports and 77 categories related to COVID-19 until May 31, 2024. Former President Donald Trump’s administration used Section 301 of the Trade Act of 1974, a statute intended to […]
China will lower import tariffs on more than a thousand products in 2024
The authorities of China announced a reduction in tariffs below the rates applied to the most favored nations on a total of 1,010 products starting next January 1, reports the state television network CGTN. Among the goods mentioned, the aforementioned media highlights some such as lithium chloride or gas diffusion layers for fuel cells, whose […]
Can China get its economic miracle back on track in 2024?
The disappointing post-Covid recovery of China has raised significant questions about the foundations of its decades of impressive growth and has presented Beijing with a difficult choice for 2024 and beyond: borrow more or grow. less. Expectations were that once China abandoned its draconian rules COVIDconsumers would return to shopping malls, foreign investment would resume, […]
China: 6.2 magnitude earthquake leaves 118 dead in Gansu and Qinghai provinces
A earthquake magnitude 6.2 struck a remote mountainous region on the northern edge of the Qinghai-Tibet Plateau on Monday shortly before midnight, killing at least 118 people and injuring hundreds, according to Chinese state media. Authorities have mobilized a series of emergency measures, but rescue efforts have proven difficult in sub-zero temperatures. Most China faced […]
China recognizes difficulties and says it will support the real estate market
Senior leaders of the Chinese Communist Party (CCP) recognized that their economy faces “difficulties” and they promised to support their real estate in crisis at a meeting this week, state media reported Tuesday. “China still has to overcome some difficulties and challenges to further reactivate the economy,” top CCP leaders, including President Xi Jinping, admitted […]
China will intensify political adjustments to boost its recovery in 2024
China will intensify political adjustments to support economic recovery in 2024, state media said on Tuesday, following a meeting of the country’s top leaders in which the agenda was set. Investors are closely watching for clues about next year’s policy and reform agenda as Beijing has been struggling to drive a post-pandemic economic recovery amid […]
Adex: Peruvian exports as of October totaled more than US$52,000 million
The Association of Exporters (ADEX) reported that between January and October 2023, Peruvian shipments abroad reached US$52,455,595,000, a figure with -0.1% compared to the same period in 2022. This indicates that the level of exports still remains at the level of 2022. Likewise, for October, outflows were US$5,646 million, 6.4% more than in the same […]
Video games and toys do not know about recession
Despite the recession, the import of toys and video games has had a significant increase at the end of the year. Most of them, of course, Chinese. The Lima Chamber of Commerce (CCL) estimates that, between August and October 2023, around 108 million toys were imported for a value of US$57 million, amounts that represented […]
Lithium, Soybeans and currency swap: Milei has a problem with China
The libertarian economist insulted the communist country during an aggressive electoral campaign, but he will assume the presidency needing America’s second largest trading partner more than ever. Argentina As a recession approaches and foreign exchange reserves of the country are ending. Since winning the election on Nov. 19, Milei’s team has taken a more diplomatic […]