China today expressed its hope that Taiwan’s allies in Latin America and the Caribbean “notice the general trend”, in response to the trip of the island president, Tsai Ing-wen, makes these days for Central America. Chinese Foreign Ministry spokeswoman Mao Ning stated that Beijing “hopes that certain countries will manage Taiwan-related affairs prudently and join […]
Tag: China
Big 5 Chinese banks perform well, warn of shaky recovery
The five big Chinese lenders this week posted annual growth in their net profits of more than 3.5%, but warned that the foundation of the country’s recovery “they are not solid yet”. He Bank of Communications Co Ltd (BoCom) and the Bank of China (BoC) registered annual growth of their net profits slightly above 5% […]
Brazil and China take the first steps to trade in local currencies
Brazil and China The first steps were taken today to establish bilateral trade in local currencies, excluding the dollar, as announced by the Brazilian Agency for the Promotion of Exports and Investments (Apex). The two initial agreements to implement the mechanism were signed during the Brazil-China Economic Seminar, held in Beijing with the participation of […]
Central America turns its back on Taiwan to embrace China
The recent announcement by Honduras to break diplomatic relations with Taiwan and recognize the principle of “one China” is yet another turn of the screw in the political turn that Latin America is taking to recognize the Asian giant as a great economic and commercial power that each has more political influence in the region. […]
China completes first LNG deal paid for only in yuan, displacing dollar
Chinese national oil company CNOOC and France’s TotalEnergies have completed China’s first yuan LNG transaction through the Shanghai Oil and Natural Gas Exchange, the exchange said on Tuesday. Approximately 65,000 tons of LNG imported from the United Arab Emirates were sold. TotalEnergies confirmed to Reuters that the transaction involved LNG imported from the United Arab […]
US accuses FTX founder of bribing Chinese officials
US authorities on Tuesday unveiled new charges against the founder of the ill-fated cryptocurrency platform FTX, Sam Bankman-Fried, for allegedly paying multi-million dollar bribes to Chinese officials. According to the Federal Prosecutor’s Office for the Southern District of New York, Bankman-Fried would have transferred at least US$ 40 million to one or more officials of […]
A Chinese team discovers new evidence of water on the Moon
A team of Chinese scientists has discovered new remains of water in impact crystals found in lunar soil by the Chang’e 5 (CE5) mission, according to a study published in the specialized journal “Natura Geoscience”. The group led by Professor Sen Hu of the Chinese Academy of Sciences found that these crystals are likely a […]
Safeguards for Chinese garments are not ruled out
The micro and small companies (mypes) of the country’s textile and clothing sector have been insistently requesting the Government to apply control measures in the face of the excessive presence of garments imported from China and Bangladesh that are offered at prices so low that the industry National cannot compete. Of every 10 garments on […]
Latin America sees return of Chinese loans after pause due to COVID
Latin America is becoming a destination for Chinese loans again, after the pandemic of covid-19 lead to a suspension of such agreements in a region that has received about $136 billion in debt from state-owned banks in the Asian giant. Brazil, Barbados and Guyana last year received a total of $813 million of the China […]
Honduras breaks diplomatic relations with Taiwan
Honduras announced this Saturday the rupture of diplomatic relations with taiwanso he will not have any official contact with the island again, 11 days after reporting that he will seek to establish ties with China. Foreign Minister Enrique Reina, “with instructions from the President of the Republic [Xiomara Castro]has communicated to Taiwan the decision to […]