As the last day of the two-week UN climate summit approaches (COP26), delegations intensified their efforts to reach an agreement to curb global warming, focusing on finding money to help developing countries cope with the worst effects. A first draft of the COP26 agreement released on Wednesday implicitly acknowledged that current commitments were insufficient to […]
Tag: China
IDB President: Latin America must avoid switching from Odebrecht to Chinese companies
The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, warned against Chinese penetration in Latin America, estimating that the region should not go beyond “the era of Odebrecht to the era of Chinese companies ”. The problem would be “for the region to move from the Odebrecht era to the era of Chinese companies,” […]
Communist Party of China passes “historic resolution” enthroning President Xi
The Communist Party of China (CCP) approved a “historic resolution”Which establishes the absolute leadership of its secretary general and president of the country, Xi Jinping, at the head of the Asian power. Members of the 19th CPC Central Committee today wrapped up a four-day meeting in Beijing in which they approved a text that lays […]
In a second, 2,000 packages of quinoa from Peru were sold in China
Peruvian quinoa shone in the Asian giant. In just a second, 2,000 packages were sold during the “Hi, Go” online sales live event, co-organized by CGTN and CMG Mobile, part of the China Media Group (CMG). A total of 37 global products were well received by Chinese consumers, reaching sales of 66.71 million RMB (10.41 […]
Evergrande would have paid back interest on two bonds
Updated on 11/10/2021 03:50 pm China Evergrande Group reportedly made at least two interest payments on past due bonds, part of its biggest test since the debt crisis began. The company made at least two of three past-due interest payments on its US dollar-denominated bonds, according to people with knowledge of the matter. Its dollar […]
Evergrande, on the verge of default after maturity of US $ 148 million
Some creditors through China Evergrande Group bonds have not received coupon payments at the end of a 30-day grace period at the close of business in Asia on Wednesday, sources said, pushing the huge promoter back to the brink. non-payment. Evergrande, the world’s most indebted real estate developer, has been tumbling between payment terms in […]
Chinese promoter Kaisa asks for help and the Fed warns of the risk of a global contagion
The Chinese real estate sector suffered a new shock on Tuesday, after the Kaisa Group made a desperate request for help and the US Federal Reserve (Fed) sent its first direct warning that the crisis could cause global damage. Builders’ bonds fell again after sources in China said that Kaisa, which was the first of […]
US harvests and slowing Chinese demand alleviate grain shortage fears
The offer of the Soy and the corn It has strengthened in 2021 due to factors such as large crops in the United States, the weather and signs of a slowdown in purchases from China. Growing stocks indicate that prices for crops, as well as other staples like sugar and coffee, may have peaked after […]
China says it will punish and veto “staunch Taiwanese secessionists”
China stated that “will punish” a “staunch Taiwanese secessionists“, Who will also be vetoed from entering mainland China, Hong Kong and Macao. “We will punish them in accordance with the law and prohibit them from entering or doing business here“Said in a statement the spokeswoman Zhu Fenglian of the Chinese Office for Taiwan Affairs, reported […]
China’s Labyrinth: Cutting Emissions and Sustaining Economic Advancement
The struggle between maintaining a high rate of economic growth and sharply cutting carbon dioxide emissions convert the environmental objectives of China, the most polluting country in the world, in a complicated juggling exercise. The Chinese government’s plans aim to reach peak CO2 emissions by 2030, and emissions neutrality by 2060, as well as a […]