He vessel Union sailing school arrived today at the military port of Wusong, in the eastern megalopolis China of Shanghai, on its trip around the world that began last June 17 to commemorate the circumnavigation carried out by the frigate Amazonas in 1856. “Each of the trips (that the Union has made so far) is […]
Tag: China
Chinese real estate company Country Garden, facing new coupon expiration in dollars
The embattled Chinese property developer Country Garden faces another test of liquidity, as it must pay $15 million in interest on an offshore bond on Monday, having dodged a last-minute default on two occasions this month. Country Garden, whose financial problems have worsened the real estate sector’s prospects and prompted a series of support measures […]
WHO chief asks China for “full access” to determine the origin of COVID
The boss of the World Health Organization urged Beijing to provide more information on the origins of the COVID-19 and is willing to send a second team to investigate the matter, the Financial Times reported on Sunday. “We are putting pressure on China “to give full access to information and we ask the countries to […]
Retail sales in China rebounded in August, according to official data
Retail sales in Chinathe main indicator of household consumption, grew 4.6% year-on-year in August, the National Statistics Office said. This represents an advance compared to the 2.5% registered in July and an improvement compared to the 3% predicted in a survey of Bloomberg economists. Meanwhile, industrial production increased by 4.5% year-on-year in the same month, […]
The worst is not over for the Chinese real estate sector, according to JPMorgan survey
The worst of the Chinese real estate crisis is not yet over, according to a survey by JPMorgan between Chinese and international investors. China’s real estate problems have continued to worsen in recent weeks, and large developers such as Country Garden and the state-owned company But Ocean They have been on the verge of falling […]
Advantage in electric cars is due to innovation and not subsidies, says China
The China Chamber of Commerce before the European Unionwhich represents some 1,000 Chinese companies operating throughout the EU, stated this Wednesday that its industrial advantage in electric cars is due to its efforts in innovation and not to state subsidies, after the announcement of the European Comission that he will investigate these aids. The Chinese […]
China and Venezuela sign agreements on economy, trade and tourism
China and Venezuela They signed several bilateral cooperation documents focusing on areas such as the economy, trade and tourism, state broadcaster China Central Television (CCTV) reported on Wednesday. The president of China, Xi Jinping, signed the agreements with the president of Venezuela, Nicolas Maduroafter a meeting in Beijing. Xi noted that the two countries are […]
China denies banning iPhone use in its government offices
China denied this Wednesday that it has banned the use of foreign phones in its ministries, including iPhoneafter press reports about restrictions in some state administration offices. “China has not enacted any law, regulation or policy document prohibiting the purchase and use of foreign brand smartphones, including the iPhone”he declared Mao Ningspokesperson for Ministry of […]
Russia’s largest untapped copper deposit begins production
The oldest copper deposit unexploited Russia started producing copper concentrateafter a ceremony supervised by videoconference by the president Vladimir Putin. The Udokan project, in the far east of Russia, comes online at a difficult time. The United States imposed sanctions on its operator – Udokan Copper LLC – in April as part of a wave […]
China emerges from deflation after a price spike in August
The consumer price index in China It rose in August and allowed the world’s second largest economy to emerge from deflation despite weak domestic demand that complicates the recovery. This index, the main indicator of inflation, stood at +0.1% year-on-year in August, the National Statistics Office (ONE) said on Saturday. Analysts questioned by Bloomberg anticipated […]