Tag: China

Tuesday, August 22nd 2023 - 10:33 UTC
BRICS summit in South Africa has to decide on the access of new members

This week Johannesburg is hosting the 15th summit of the BRICS group (Brazil, Russia, India, China, and South Africa) when a historic decision is expected, reconfiguring the group with the access of new country members.
Monday, August 21st 2023 - 07:13 UTC
India, third world's car maker, planning flashier vehicles for wealthier drivers

World car manufacturers aim to turn India into an export hub as locally produced vehicles targeting wealthier drivers become more globally competitive. India, which overtook Japan as the world’s third-largest car market after the U.S. and China last year, saw a 14% uptick in auto exports in the year through March, with 662,891 units shipped. That is still well behind Japan’s figure of 3.37 million cars for the same period, but automakers in India see room for further growth.
Thursday, August 17th 2023 - 10:57 UTC
“Unprecedented declines” in Chilean wine exports: China and UK worst cases

Chile reported in the first half of 2023 “unprecedented declines” in wine exports, totaling 20 million boxes and 584 million dollars, which represents a 24% decrease in both volume and value compared to the same period last year, according to Wines of Chile.
Wednesday, August 16th 2023 - 10:00 UTC
Beijing finds solution to youth unemployment: it stopped publishing key figures

China's agency official statistics agency said on Tuesday that it had stopped publishing key unemployment figures that had previously shown the number of jobless youth in the country had reached a record high.
Monday, August 14th 2023 - 10:14 UTC
Uruguay: Mujica says apology to China over OPVs is in order

Former Uruguayan President José Mujica said the current head of state Luis Lacalle Pou should apologize to China for the sloppiness in the purchase of two Ocean Patrol Vessels (OPVs) for the South American country's Navy from Spanish shipyard Cardama.
Friday, August 11th 2023 - 17:39 UTC
China's largest property developers on thin ice: 'Country Garden' admits losses of US$ 7,6bn in six months

One of China's biggest property developers, Country Garden has warned that it could see a loss for the first six months of the year of up to US$7.6bn., the latest sign of the major issues faced by the world's second-largest economy.
Friday, August 11th 2023 - 17:30 UTC
Chinese recovery slowing down, with weaker trade and demands for fresh stimulus

China’s economic activity slowed and trade markers fell much faster than expected in July as weaker demand threatens recovery prospects in the world’s second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth.
Tuesday, August 1st 2023 - 18:54 UTC
Major purge in China's nuclear arsenal command; Xi consolidating power and eliminating corruption?

Continuing with recent changes Beijing has replaced two leaders of an elite unit managing its nuclear arsenal, triggering speculation of a purge. General Li Yuchao who headed the People's Liberation Army's (PLA) Rocket Force unit and his deputy had “disappeared” for months.
Tuesday, August 1st 2023 - 18:52 UTC
Liberia becomes the world's largest ship registry; in bulk carriers, China is the flag

For the first time in 30 years Panama is no longer the world’s largest ship registry. Rival Liberia has overhauled the Central American nation in terms of gross tonnage in new data issued by Clarksons Research.
Wednesday, July 26th 2023 - 10:37 UTC
China's foreign minister sacked, no reason from Beijing for his removal

“China’s top legislature voted to appoint Wang Yi as foreign minister… as it convened a session on Tuesday,” state media outlet Xinhua said. “Qin Gang was removed from the post of foreign minister.” No reason was given for Qin’s removal, however, state media reported that President Xi Jinping signed a presidential order to enact the decision.