China This year, she achieved unprecedented success both as a diplomat and as a mediator in the diplomatic reconciliation between Iran and Saudi Arabia, an achievement that now leads to the question of whether the Asian giant could play a useful role in stopping the serious situation in Israel and Palestine. For observers, the will […]
Tag: China
Tesla signs contract to open a sales and service center in Shanghai
tesla reported Saturday that it has signed a lease with the Shanghai Waigaoqiao Free Trade Zone Group to open a huge sales and service center in an industrial park in the city, the largest in China. The Tesla center, with a size of 8,000 square meters, will open in mid-2024 in Xin Park, under development […]
China registers the highest activity in five years: what was the reason?
China recorded its highest level of activity in five years during what is known as “golden week,” the National Day holiday (October 1), which this year was extended to eight days to coincide with the Mid-Autumn Festival, reported last night the Hong Kong newspaper South China Morning Post. According to data from the Meituan digital […]
Strong Chinese demand supports copper prices and boosts local aluminum prices
Demand for copper and aluminum in China has been surprisingly strong despite the country’s real estate crisis, driven by orders from the home appliance, electric vehicle, solar and wind sectors. This has helped support otherwise weak copper prices around the world, and pushed up aluminum prices in the world’s largest consumer of metals, according to […]
Evergrande rises 28.13% upon returning to the stock market in the midst of an investigation against its president
The indebted Chinese real estate giant Evergrande rose 28.13% this Tuesday on its return to the Hong Kong Stock Exchange, after suspending trading last Thursday when it was revealed that its president is the subject of an investigation for alleged “illegalities”. China Evergrande shares resumed trading today, as the company announced in a statement, and, […]
The US expresses its concern about Chinese control over the electricity market and ports in Peru
The government of the USA has expressed its concern about the progressive irruption of Chinese capital on the Lima electricity market (~60% of national demand) and the strategic positioning of the Chancay Megaport, as a new hub for logistics and port development in the region. According to information released by the Financial Times, a senior […]
In domain of the cosmos, India and China are betting on space tourism
The new emerging powers in space, India and Chinahave not only taken notable steps in exploration, from Mars to the Moon, but are also committed to the development of spacial tourism through various projects. Last August, India wrote a page in history by becoming the first country to successfully land on the south pole of […]
China’s two largest banks land in Bolivia to inject yuan
The two largest banks in China They landed on Friday in Bolivia given the Bolivian government’s policy of using yuan in international transactions and thus reducing dependence on the US dollar, the Central Bank (BCB) reported. Executives from the Industrial and Commercial Bank of China (ICBC) and the Bank of China “They met on Friday […]
China marks Golden Week 2023 with record travel and consumption resurgence
China began this Friday its traditional golden weeka holiday period that this year encompasses the celebrations of the Mid-Autumn Festival and National Day, surpassing the pre-pandemic numbers of 2019. With forecasts of around 800 million trips during this festive period, more than 100 million a day according to the Chinese Tourism Academy, the data indicates […]
Five keys to understanding the crisis of the Chinese real estate giant Evergrande
The alleged house arrest of Hui Ka-yanthe founder and chairman of the indebted Chinese real estate giant Evergrandeor the difficulties that the company faces in carrying out its restructuring plan are the latest chapters of a crisis that dates back more than two years. These are some keys to understand what is happening with the […]