With China taking off and Europe stagnant, the first half of 2024 marked a growing divergence between the sales trajectory of the electric cars and plug-in hybrids between the two markets. In Europe, such models accounted for just 20.5% of cars sold in June, down from a year earlier, while in China, electric cars and […]
Tag: China
The VII Meeting of the Mercosur-China Dialogue Mechanism begins in Montevideo
With the presence of the Vice Minister of Foreign Affairs of ChinaHua Chunying, started this Monday in Montevideo the VII Meeting of the Dialogue Mechanism Mercosur–China. The meeting began at around 4:15 p.m. local time (7:15 p.m. GMT), minutes after Hua Chunying arrived at the Mercosur Building, located on the coast of the Uruguayan capital, […]
Boluarte announces that China will be in charge of the largest infrastructure projects in Peru
The President of the Republic, Dina Boluarte, announced the creation of a “Peru-China Joint Commission” to facilitate a portfolio of Government to Government (G2G) projects with that country, aimed at providing “productive infrastructure and social services” locally. Previously, Boluarte had also confirmed the creation of a “Ministry of Infrastructure” that would concentrate under one umbrella […]
Peru seeks negotiations with Morocco and the United Arab Emirates
A potential market of 9.4 million consumers would allow us to export various non-traditional products. The agenda of international trade negotiations is being actively promoted. Join the Whatsapp channel During the presidential address, the President of the Republic, Dina Boluarte, reported that negotiations have already begun with India and Indonesia, to continue integrating the country […]
China unexpectedly cuts benchmark interest rates by 10 basis points
He People’s Bank of China (PBOC, central bank) The Fed today announced an unexpected reduction of ten basis points to its reference interest rate, the one-year LPR, which will go from 3.45%, the level at which it had remained since August of last year, to 3.35%. In the monthly update published on its website, the […]
With the economy slowing, Chinese are cutting back on their lifestyle
Faced with the economic slowdown, many Chinese They are taking steps to reduce their lifestyle, cooking at home instead of eating out, saving more or limiting their vacations. “This year, both businesses and individuals are really feeling the economic pressure”Yu Qi, a 55-year-old insurance employee, told AFP. China’s economic growth slowed again in the second […]
CCP plenary session begins in Beijing marked by economic challenges and strategic adjustments
The elite of the Communist Party of China (CPC) begins a key plenary session in Beijing on Monday, where leaders will discuss policies to be implemented in the context of economic challenges and strategic adjustments. The third plenary session of the 20th CPC Central Committee will be held from July 15 to 18, breaking with […]
China’s GDP grew less than expected in Q2
China’s gross domestic product (GDP) grew 0.7% quarter-on-quarter in the second quarter of 2024, according to official data released Monday by the National Bureau of Statistics (NBS). Furthermore, between April and June, the world’s second largest economy experienced a growth of 4.7% compared to the same period in 2023. These figures are below what analysts […]
Indecopi applies antidumping duties on imports of Chinese sneakers
Between 2019 and 2022, there was a growing increase in shipments of Chinese sneakers to the Peruvian market. National production registered average annual prices that did not allow it to cover its costs. Join the Whatsapp channel Following an ex officio investigation, Indecopi’s Dumping, Subsidies and Elimination of Non-Tariff Trade Barriers Commission (CDB) imposed definitive […]
Chinese fishing boats spotted in off-limits zone in Peru
Two Chinese fishing vessels – identified as JiaDe18 and Hai Feng 1 – were reported anchored very close to the Port of Bayóvar, in Piura, in Sechura Bay. The unexpected sighting is relevant because, according to the South Pacific Regional Fisheries Management Organization (SPRFMO), The Port of Bayóvar is not authorized to receive foreign-flagged vessels […]