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MercoPress, en Español

Montevideo, September 21st 2024 - 10:06 UTC

Tag: China

  • Monday, April 29th 2024 - 10:59 UTC

    Mondino seeking to soothe ties with China after Milei's campaign announcements

    Mondino is aware that Argentina needs the currency swap with China extended despite Milei's tantrums

    Argentine Foreign Minister Diana Mondino is on a crusade in China to discuss bilateral issues with an economic giant with whom President Javier Milei had pledged during his campaign that he wanted no ties. “Not only will I not do business with China, I will not do business with any communist,” Milei announced repeatedly on his way to Casa Rosada.

  • Wednesday, April 10th 2024 - 11:06 UTC

    Another major Chinese construction and real estate developer ready to fall

    Like several other Chinese property developers, Shanghai-based Shimao defaulted on offshore bonds in 2022. Last month, it laid out detailed plans to restructure its debts.

    China Construction Bank (Asia), a state owned financial institution filed a petition in Hong Kong to wind up the Shamao Group, after the Chinese real estate and construction developer failed to repay loans worth HK$1.58bn (US$ 201.8m; £159.7m).

  • Wednesday, March 6th 2024 - 09:59 UTC

    Beijing ambitious 2024 growth target, 5%, but economists and circumstances are not convinced

    Premier Li Qiang said China plans to issue US$ 139 billion in treasury bonds over the next few years while offering support to debt-laden local governments

    China on Tuesday announced an ambitious economic growth target of 5% for 2024, vowing to “seek progress while maintaining stability” amid a sluggish economy and weak confidence among investors and consumers. This contrasts with the 5,2% reported for 2023 and 3% during 2022.

  • Thursday, February 15th 2024 - 12:14 UTC

    The magic of football: for China Falklands are British and no longer Argentine

    The Beijing Football Association reacted to the alleged sight by cancelling both of Argentina's friendly matches as part of a tour of mainland China next month.

    Disgruntled Chinese football fans, blaming Argentine top star Lionel Messi, are now advocating that the Falklands are British, --certainly not Argentine--.Messi failed to play in an exhibition match in Hong Kong, for which the Chinese public paid a considerable sum, and furious frustrated fans are calling the captain of the Argentine World Cup winner a “thief” and contradicting Beijing's official stance that the Malvinas are a relic of British colonialism and that the Islands belong to Argentina.

  • Thursday, February 8th 2024 - 15:42 UTC

    India releases detained pigeon after 8 months amid espionage allegations

    The pigeon that was held captive in India for 8 months. Photo: EFE/ PETA

    In a bizarre turn of events reminiscent of a Hollywood (or Bollywood) plotline, India has released a pigeon that was detained by authorities for eight months on suspicion of espionage. The peculiar case unfolded when the bird was intercepted in May 2023 in the port of Bombay, drawing attention due to two rings tied to its legs containing messages in Chinese.

  • Monday, February 5th 2024 - 10:46 UTC

    Argentina exported 682,000 tons of beef last year, mostly to China

    China bought 73% of boneless meat and virtually all bone-in meat sold by Argentina last year

    Argentina is forecasted to increase 5,1% beef and calf production this year, reaching some 3,3 million tons with a domestic consumption of 2.43 million tons, according to the latest report from the United States Department of Agriculture (USDA). This follows on a record beef exports 2023, 682.000 tons, despite government measures and export levies aimed at curbing prices in the home market in an election year.

  • Monday, January 29th 2024 - 10:54 UTC

    Argentina chooses US-built F-16 fighters over Chinese JF-17s

    There were going to be 34 F-16s but Ukrainian President Zelensky managed to have 10 of them spared for his war effort against Putin's Russia

    Argentina's Air Force is to move on with the process of purchasing 24 second-hand US-built F-16 fighter jets from Denmark with the White House's nod, it was reported in Buenos Aires. The decision meant dropping the alternative of Chinese-developed JF-17 units in line with President Javier Milei's policy of not joining the BRICS group and not holding Beijing as a key ally.

  • Saturday, January 20th 2024 - 11:06 UTC

    Brazil assures Beijing of its adherence to the “Once China Principle”

    Vieira said that the “dynamism of Sino-Brazilian relations is also an expression of a new world in the making”after his second day of talks with Wang Yi

    Brazil's government of President Luiz Inácio Lula da Silva ratified the South American country's “unequivocal” adherence to the “One China Principle” regarding Taiwan, which Beijing regards as a rogue province. The message was conveyed Friday in Brasilia to Foreign Minister Wang Yi.

  • Friday, January 19th 2024 - 10:27 UTC

    Lithium: Bolivia's YLB signs new agreement with China's CBC

    Opposition lawmakers said these announcements were mere propaganda

    A new agreement between Bolivia's state-owned Yacimientos de Litio Bolivianos (YLB) and the Chinese consortium CATL, BRUNP & CMOC (CBC) was signed Thursday to install a lithium carbonate pilot plant with Direct Lithium Extraction (DLE) technology in the Uyuni salt flat and would have a production of 2,500 tons per year after an investment worth US$ 90 million.

  • Friday, January 19th 2024 - 10:17 UTC

    Foreign Ministers of Brazil and China holding key talks

    Wang Yi and Vieira are to meet again Friday

    China's Foreign Minister Wang Yi held a meeting in Brasilia on Thursday with his Brazilian counterpart Mauro Vieira and President Luiz Inácio Lula da Silva's special advisor Celso Amorim to discuss trade and cooperation between the two countries, it was reported. Wang Yi and Vieira are to meet again Friday for the signing of a series of agreements after which they will be issuing a joint statement to the press, it was also explained.