Russia and China have watered down a statement drafted by the heads of the Group of 20 (G20) major world economies to remove a reference to “current” geopolitical tensions clouding the economic outlook, according to sources at the talks. The talks were held both online and in person in Jakarta, and the final communiqué will […]
Tag: China
EU denounces China before the WTO for obstructing European companies to defend patents
The European Union (EU) filed a complaint on Friday with the World Trade Organization (WTO) against China, which it accuses of preventing European technology companies from resorting to foreign courts to defend their patents. “EU companies have the right to seek justice on fair terms when their technology is used illegally. That is why we […]
Russia and China reach 30-year gas supply deal with new pipeline
Vladimir PutinRussia’s president, announced new Russian oil and gas deals with China worth an estimated $117.5 billion, vowing to boost Russian exports from the Far East at a time of heightened tensions with European customers over Ukraine. Russia, already Beijing’s third-largest gas supplier, has strengthened its ties with China, the world’s largest energy consumer, reducing […]
Olympic pride makes no secret of Chinese football debacle
As the Chinese government tried last week to focus attention on the Winter Olympic Games, hundreds of millions of football fans in the country were in mourning. Just days earlier, its men’s national team had been eliminated by Vietnam from qualifying for the 2022 World Cup. The humiliating 3-1 loss means that football-mad China, who […]
BMW to pay $4.2 billion to take control of its China joint venture
BMW will pay 3.7 billion euros (about $4.2 billion) to take majority control of its Chinese joint venture after obtaining the necessary license from Beijing, as global automakers seek tighter surveillance of business in the car market. largest car in the world. As reported by Reuters, the German automaker said on Friday it was increasing […]
Importation of clothing in Peru: China leads, Bangladesh, Vietnam and Colombia are close
The Lima Chamber of Commerce (CCL) He warned that other textile import industries, in addition to China, have burst into the Peruvian market in recent years. They are Bangladesh, Colombia, Vietnam, Turkey, Cambodia, Pakistan, Honduras, Ecuador, Thailand, Myanmar and Sri Lanka. According to a study by the Institute for Research and Development of Foreign Trade […]
Wood shipments in 2021 were better than in 2020, but there is still a long way to go before the pre-pandemic level
The Exporters Association (ADEX) reported that the export of wood and its derivative products totaled US$122,851,000 in 2021, 30.7% more than in 2020, when US$93,938,000 were registered. However, it did not reach the amount of 2019, of US$ 124,869,000, nor the historical amount of 2008, of US$ 219,239,000. For the guild, an exporter, the forestry […]
Baise, the city in China that triggers the price of aluminum
The lockdown due to COVID-19 of the Chinese city of Baise, little known but crucial for the world production of aluminumhas triggered the price of this metal to almost historical levels. The price of aluminum reached an unprecedented maximum since 2008, at US$ 3,236 a tonne, and approached its historical record (US$ 3,380.15), in a […]
World cobalt production ‘touches the sky’ by demand for electric vehicles
The United States Geological Survey (USGS) announced that global cobalt production reached a record 170,000 tons in 2021, a figure that represents an increase of 20% compared to the 142,000 tons produced in 2020. According to the report compiled by World Energy Trade, the Democratic Republic of the Congo (DRC) it continued to be the […]
China’s state funds buy stocks to stem declines
Chinese state funds weighed in on the stock market on Tuesday, helping the benchmark index recover from its biggest intraday decline since August 2021. The CSI 300 index closed down 0.6% at the close, paring an earlier drop of 2.4%. State funds entered the market to buy local shares during the afternoon session, according to […]