China harshly reprimanded USA for its latest restrictions on the manufacture of chipsthe Chinese Foreign Ministry said on Wednesday, after the Chinese government Joe Biden will publish new measures to further restrict Beijing’s access to cutting-edge technologies. “Such restrictions and forced disengagements for political purposes violate the principles of the market economy and fair competition”the […]
Tag: China
The US updates measures to prevent China from obtaining next-generation chips
He Department of Commerce updated and expanded its export controls on Tuesday to prevent China from acquiring chips of the latest generation and the equipment necessary to manufacture them. A year ago, the first controls were approved to counter the use of semiconductors for military purposes, which include the development of hypersonic missiles and artificial […]
Ancón Industrial Park: Peru offers China construction of key commercial infrastructure
The Private Investment Promotion Agency – ProInversión held an executive meeting this Monday with the state company China Harbor Engineering Company Ltd.as part of the promotional activities of the Ancón Industrial Park (PIA) project. The Ancón Industrial Park consists of a new industrial zone north of Lima, on an area of 1,338 hectares that was […]
Peruvian copper exports soared 32% in July due to greater dynamism of the Chinese economy
He Ministry of Energy and Mines (Minem) reported that the value of metallic and non-metallic mining shipments totaled US$3,492 million, a notable increase of 23% compared to what was reported in July 2022 (US$2,839 million). Copper (+31.6%) led the way. The August Mining Statistical Bulletin (BEM) points out that this result was supported by China’s […]
China Tsingshan will invest US$ 250 million in lithium plant in Chile
The Chinese company Tsingshan will invest about US$250 million in Chili to develop value-added creation projects in lithiumwith the installation of a plant to produce phosphate iron and lithium (LFP) used in batteries electric vehicles. The investment, announced by Chilean President Gabriel Boric from Beijing where he is visiting, corresponds to the proposal of the […]
Boric inaugurates Chile Week in China to strengthen commercial ties
The president of Chili, Gabriel Boricinaugurated today in the Chinese city of Chengdu the Chile Week, which aims to consolidate the commercial relationship of its country with China and enhance the Chilean economy through dialogue and agreements. “We are interested in ensuring that our relationship with this giant, so important in shaping the 21st century […]
Global debt will be greater than the GDP of the entire planet by 2030, according to IMF
Global debt would exceed 100% of world GDP by 2030, according to a new forecast from the International Monetary Fund (IMF) presented this week at its annual meeting with the World Bank (WB). The multilateral organization specified that the increase is due to the slowdown in the growth of economies around the world, the increase […]
CCL: cell phone imports fell -12% until August of this year
Between January and August, our country imported more than 2.6 million mobile phones worth US$467.7 million, evidencing a 12% decline in imported units compared to the same period in 2022, according to statistics from the Research Institute. and Foreign Trade Development of the Lima Chamber of Commerce (Idexcam). On average, 7 million cell phones enter […]
The Chinese CPI slows down and is frozen again at 0% year-on-year in September
The consumer price index (CPI), the main indicator of inflation in China, was “frozen” for the second time this year after slowing to 0% year-on-year in September, according to data published today by the National Bureau of Statistics (ONE). ). The September rate was 0.1 points below that of the previous month, when it recorded […]
Xi Jinping affirms that China-U.S. relations will mark the “destiny of humanity”
Chinese President Xi Jinping declared this Monday that the way China and the United States manage their relationship will be decisive for “the destiny of humanity”, when receiving a delegation of US senators in Beijing. “The relationship between China and the United States is the most important in the world“Xi Jinping said before the delegation […]