The imports Peruvian companies between January and November 2022 reached a new historical record by adding US$55,251,800,000, obtaining a growth of 19.8% in relation to the similar period of 2021 (US$46,113,700,000), reported the Center for Economic and Business Research Global Exporters Association CIEN-ADEX. This is the highest amount in the last 20 years due to […]
Tag: China
Tesla owners in China protest missed price cuts
Hundreds of car owners from Tesla gathered at manufacturer dealerships and distribution centers in China over the weekend, demanding discounts and credits after sudden price cuts that they said meant they had overpaid for their electric vehicles. Some 200 recent buyers of the Tesla Model Y Y the model 3 They gathered at a Tesla […]
Germany suggests avoiding trips to China amid wave of COVID-19
The Ministry of Foreign Affairs German “discourages” trips that are not essential to Chinabefore an outbreak of infections of COVID-19 unprecedented for three years. “We are currently advising against non-essential travel to China. The reason is the peak of COVID infections and the overloaded health system”the ministry’s rapid reaction center said on Twitter on Saturday. […]
FTA with China, Ecuador’s springboard to reach an agreement with the US
Ecuador prepares a pole vault. Driven by the Free Trade Agreement (FTA) that has just been signed with China, it will try to reach a similar agreement with the United States, its main partner. “We hope that this is a sign that we are seriously seeking to reach an agreement with that (American) market, which […]
China’s central bank vows “targeted” monetary policy
The People’s Bank of China said it will use “comprehensively a series of monetary policy tools and maintain reasonably ample liquidity.” The comments are part of a statement released Wednesday and follow the PBOC’s annual business conference. The PBOC is expected to keep monetary policy loose at least for the next several months as the […]
Elon Musk has lost more money than anyone in history
In November 2021, the fortune of South African-born billionaire Elon Musk reached its highest level. It was located at US$340,000 million. A year later, his net worth amounts to $137,000 million, which has made the tycoon the first person in history to lose more than US$200 billion in wealth in twelve months, according to the […]
Chinese finance minister vows ‘appropriate’ fiscal expansion in 2023
China It will intensify fiscal expansion appropriately in 2023, boosting spending and investment through special local government bonds to stimulate the economy, state media Xinhua reported on Tuesday, citing Finance Minister Liu Kun. Chinese policymakers have pledged to bolster adjustments that cushion the impact on businesses and consumers of a surge in COVID-19 infections after […]
Global economy faces a tougher year in 2023, says IMF
For much of the World economy2023 will be a difficult year, since the main engines of growth, the United States, Europe and China, will experience a weakening of activityas commented, this Sunday, January 1, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva. The new year is going to be “tougher than the […]
Canada and Australia impose COVID rules on travelers from China
Australia and Canada have joined the growing list of countries requiring travelers from China pass a COVID-19 test before boarding their flight, as the nation battles a coronavirus outbreak after abruptly easing restrictions that had been in place for most of the pandemic. Australian health authorities said on Sunday that from January 5 all passengers […]
Travel is reactivated but there are not enough planes
While airlines like United Airlines Holdings Inc. Y Air India Ltd. placing or about to place orders for hundreds of planes, Boeing Co. and Airbus SE boast of their sales successes. But supply chain constraints mean those planes won’t be delivered for a few years: Jefferies LLC estimates there are currently 12,720 planes backordered. All […]