Chinese copper imports fell 12.5% in April from a year earlier, customs data showed on Tuesday, held back by weak demand and rising domestic output of the metal. Imports of raw copper and derivative products amounted to 407,294 tons in April, according to data from the General Customs Administration. The metal, which includes anode, refined, […]
Tag: China
LinkedIn to shut down its last app available in China
Professional social network LinkedIn announced on Tuesday that it is shutting down its last app available in China, after its US owner Microsoft cited a “fierce competition” and a “difficult macroeconomic climate”. The computer giant was one of the few US companies to have managed to establish a social network in China, despite censorship and […]
Peruvian exports would have reached US$5,803 million in March, estimates the CCL
Peruvian exports would have reached US$5,803 million in March of this year, which represents a growth of 7.67% compared to the same month in 2022, according to estimates by the Institute for Foreign Trade Research and Development of the Lima Chamber of Commerce (idexcam). “The increase in the exported value was mainly due to shipments […]
Chinese FM says ‘stabilizing relations’ with US ‘top priority’
Chinese Foreign Minister Qin Gang held talks with the US ambassador on Monday, Beijing reported, during which he stated that the “Maximum priority” was to stabilize relations between the rival powers. The conversations of qin with Nicholas Burns in Beijing are one of the highest-level meetings between the two countries since Washington shot down a […]
China’s foreign exchange reserves rise to $3.205 trillion in April
The foreign exchange reserves of China they rose more than expected in April, official data showed on Sunday. The country’s foreign exchange reserves, the world’s largest, rose $21 billion to $3.205 trillion last month, compared with $3.192 trillion expected by a Reuters poll of analysts and $3.184 trillion in March. The yuan fell 0.63% against […]
IMF raises economic forecasts for Asia: expansion of 4.6% in 2023
He International Monetary Fund (IMF) on Tuesday raised economic forecasts for Asia as China’s recovery propped up growth, but warned of the risks of persistent inflation and volatility in global markets, fueled by woes in the Western banking sector. According to a report collected by the Reuters agency, the IMF foresees that the reopening of […]
Coup against China: Peña’s presidential victory strengthens Paraguay-Taiwan ties
The victory of the official Santiago Peña in the presidential elections of Paraguay confirms the continuity in the relations of this country with Taiwan, established more than 60 years ago and which had been questioned during the electoral campaign. Paraguay is one of 13 countries that still officially recognizes Taiwan and not China, after the […]
Chinese manufacturing contracts in April for the first time in 2023
Activity in the manufacturing industry China contracted in April for the first time in 2023, coming in below analyst forecasts. The Purchasing Manager Index (PMI, benchmark indicator for the manufacturing sector) published by the National Statistics Office (ONE) it stood at 49.2 points, below the 51.9 in March and far from what was predicted by […]
18% of the vehicles that will be sold in the world in 2023 will be electric
Sales of electric vehicles in the world, which last year increased by 55% to exceed the 10 million mark, 14% of the total, will grow again by 35% in 2023, when they will represent 18%. In its annual report on the electric vehicle market published this Wednesday, the International Energy Agency (IEA) explains that in […]
Argentina leaves the dollar behind to start paying for its Chinese imports in yuan
Argentina announced this Wednesday that it has agreed with China pay, through yuan and not US dollars, imports from this Asian country. This measure seeks to mitigate the loss of reserves of the Argentine Central Bank. “This improves the outlook for Argentina’s net reserves,” highlighted the Argentine Economy Minister, Sergio Massa, in a meeting with […]