These days, the flavors of Mexico, Peru, Colombia and Chile aspire to become the best ambassadors in China of a region, Latin America, that the population of the Asian giant still finds it difficult to place on the map despite the speed at which it moves. They have grown their ties in recent years. A […]
Tag: China
European Union studies denouncing China to the WTO for its conflict with Lithuania
Updated on 12/17/2021 08:37 am The European Commission (EC) is studying the possibility of reporting China to the World Trade Organization (WTO) over Lithuania’s alert that its exports to that country are not cleared through customs and that its applications are being stopped import. “For now we are studying taking steps in the WTO and […]
US sanctions eight Chinese companies for their role in repressing Uyghurs
Updated 12/16/2021 04:55 pm The Treasury Department of U.S announced sanctions against eight technology companies chinese for the role they play in the repression against the Uyghur population – mainly Muslim – and other ethnic and religious minorities by the Chinese government. The US Treasury’s Office for the Control of Foreign Assets reported in a […]
US Senate approves sanctions against imports from China’s Xinjiang region
Updated 12/16/2021 02:23 pm The US Senate passed a bill that bans all imports from China’s Xinjiang region unless they can prove they were produced without resorting to forced labor. The law now goes to the office of President Joe Biden, who is expected to sign it. The bill passed unanimously in the upper house […]
China’s economic weakness sparks calls for more stimulus
China’s economy took a hit last month from the current housing market slump and sporadic outbreaks of covid, prompting economists to warn that recent easing measures may not be enough to stabilize growth. Both residential property sales and new home acreage started by real estate developers fell about 20% from a year earlier, slowing the […]
China confines half a million people due to COVID outbreak in economic engine
Updated on 12/14/2021 08:57 am Zhejiang province, an economic engine in China, recorded a COVID-19 outbreak on Tuesday that forced authorities to confine half a million people and shut down businesses in several districts. Zhejiang, an industrial and export hub on the east coast, reported 44 of 51 direct contagion COVID-19 cases detected on Tuesday, […]
China confines half a million people due to COVID outbreak in province that is economic engine
Updated on 12/14/2021 07:29 am Zhejiang province, an economic engine in China, recorded a COVID-19 outbreak on Tuesday that forced authorities to confine half a million people and shut down businesses in several districts. Zhejiang, an industrial and export hub on the east coast, reported 44 of the 51 cases of COVID-19 by direct contagion […]
Chinese President Xi and Russian President Putin dominate the G7
While the Russian president Vladimir Putin keeps the West in suspense regarding Ukraine, was the might of the Chinese president Xi Jinping the one that captured the long-term strategic attention in the meeting of diplomats of the Group of Seven Richest democracies in the world this weekend. The United States and its other G7 allies […]
US imposes human rights sanctions on China, Myanmar and North Korea
Updated on 12/10/2021 07:22 pm The United States on Friday imposed sweeping human rights-related sanctions on dozens of individuals and entities linked to China, Myanmar, North Korea and Bangladesh and added Chinese artificial intelligence company SenseTime Group to an investment blacklist. Canada and the United Kingdom joined the United States in imposing sanctions related to […]
China raises foreign exchange reserve requirements for banks amid strength of yuan
Updated on 12/10/2021 07:02 am The People’s Bank of China (BPC, central) announced that it will raise the requirement of foreign exchange reserves for the country’s banks from 7% to 9%, something that experts consider a maneuver to try to control the sharp rise that the yuan is coming recording since late summer. The central […]