Anyone who really wants to see the vast cityscapes of Guangzhou, a bustling province in southern China, will soon be able to do so from above while sitting in the cabin of a flying taxi On October 13, the Civil Aviation Administration of China (AACC) awarded it a “type certificate”, a crucial aviation document, to […]
Tag: China
Credicorp Capital: China’s slowdown could reduce demand for basic products in 2024
The forecasts of International Monetary Fund (IMF) that place the growth of the Chinese economy at 4.2% for the year 2024, after a forecast of 5% for this year, the demand for basic goods from countries like Peru could decrease next year, according to Diego Camacho, senior international economist at Credicorp Capital. “To the extent […]
Port of Chancay will reduce exports from Peru, Brazil, Chile and Colombia to China in 12 days
The terminal is expected to be ready by November next year, to be inaugurated by a delegation of Chinese President Xi Jinping during the APEC 2024 summit. Join the La República WhatsApp channel Price of the dollar today in Peru: what is the exchange rate for this Wednesday, October 25? Refund to 1.2 million Fonavistas […]
China will issue US$137 billion in sovereign debt to sustain its economy
The highest parliamentary body of China approved a 1 trillion yuan ($137 billion) sovereign bond issue and authorized a bill to allow local governments to advance part of their debt quotas. bonuses 2024, state media reported on Tuesday, in a measure to support the economy. Funds raised from the new sovereign bonds will support the […]
China limits its graphite exports in the name of “national security”
China announced additional restrictions on its exports of graphiteessential component for the manufacture of batteries for electric vehicleswhich appears to respond to recent US measures on electronic chips. Washington announced this week a series of new export restrictions to China of semiconductors and machinery for their manufacturing. These measures taken in the name of the […]
Chinese imports of soybeans from Brazil increase 23% in September
The imports chinese from soy of Brazil They increased 23% in September compared to the previous year, according to published figures, after a huge harvest in the South American country this year continued to reach the world’s main buyer. China imported 6.88 million metric tons of the oilseed from Brazil last month, according to the […]
China keeps benchmark interest rates unchanged, as the market expected
China kept unchanged reference interest rates in the monthly fix on Friday, in line with market expectations, as a series of economic data suggests the economy is stabilizing and the weakness of the yuan limits further monetary easing. The one-year prime rate (LPR) remained at 3.45%, while the five-year prime rate remained at 4.20%. The […]
China’s GDP slows from 6.3 to 4.9% in third quarter
The economic growth of China slowed to 4.9% annualized in the third quarter, according to official data, as the real estate crisis It affected consumption and business activity in the country. The figure exceeded Bloomberg analysts’ forecasts of 4.5% growth in July-September, but was far from the 6.3% recorded in the previous three months. The […]
Venezuela courts former oil clients after lifting sanctions
The Venezuelan state PDVSA has begun contacting clients with crude oil supply contracts amid the temporary lifting of sanctions USA to the oil industry, two sources said, seeking to expand its cash sales to global refiners. The United States on Wednesday lifted most of the restrictions imposed on Venezuela to produce, sell and export oil […]
The US further restricts the arrival of key AI technology to China
USA has further restricted exports to China semiconductors and other technology key to preventing the Asian giant from making advances in the artificial intelligence. The objective of these restrictions is to strengthen regulations that had been announced in October of last year, the Department of Commerce reported in a statement sent this Wednesday to EFE. […]