When it was announced in 2023 that the African Union would become a full member of the G20, I darkly joked on a podcast that the AU’s entry into the body could very well mark the moment the G20 lost its status as one of the most important global coordination forums. Mark my words, I said, soon The Economist will be like “Uhhh, the G20 is OVER – it’s the ...
Tag: Argentina
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Why Argentina Is Turning to China’s Natural-Gas Buses in an Age of EV
Argentina recently committed $45 million to purchase 150 natural-gas buses from China’s King Long, a move that may seem counterintuitive to readers accustomed to seeing Latin American cities embrace full electrification. But an article on a WeChat public account focused on Latin America’s economy explains that ...
As China Buys From South America, U.S. Farmers Reel From Soybean Slump Amid Escalating Trade War
By Beiyi Seow The U.S. soybean harvest is underway and in rural Maryland, farmer Travis Hutchison cracks open a pod to show how a field is nearly dry enough for reaping. But a decent yield ...
How China is Displacing U.S. Economic Power in Latin America
For centuries, the United States was the undisputed hegemonic power across the Western Hemisphere; however, that is no longer the case today. China is now the largest trading partner for the majority of countries in Latin America and is quickly filling ...
Trump to Meet Argentina’s President Amid China Soybean Tensions
U.S. President Donald Trump will meet with his Argentine counterpart, Javier Millei, in two weeks. The meeting comes as huge exports to China threaten an economic deal between the two right-wing governments. Argentina’s soybean exports to China rose to ...
Argentina’s “Foreign Exchange Bet” Could Shake Up the Global Soybean Trade, Chinese Commentator Says
Argentina recently dropped an agriculture bombshell: a temporary, full tax exemption on exports of key grains and oilseeds, including soybeans, wheat, and corn, effective until October 31st. The policy has a built-in “stop-loss” mechanism: it will be terminated immediately if the exports generate $7 billion in ...
China Says Extends Probe Into Beef Imports
China has extended a months-long investigation into whether beef imports had harmed the domestic industry, the commerce ministry said Wednesday. The price of beef in China has trended downwards in recent years, with analysts blaming oversupply and a lack of demand ...
When Ideology Meets Inflation, Argentina’s Milei Turns to China
The cry “Cambio! Cambio! Cambio!” rings out along Calle Florida, the bustling commercial artery of Buenos Aires. Dozens of unofficial money changers—many of them migrants from Chile, Venezuela, and Bolivia—line the street, calling out to passersby. They offer mercado azul, or the “blue market” exchange rates, trading ...
Argentina Extends China Debt Deal Despite U.S. Pressure
Argentina extended a multi-billion-dollar currency swap agreement with China Thursday, despite fierce opposition to the deal in Washington. The cash-strapped South American nation extended the $5 billion accord with Beijing for one more year, securing much-needed foreign reserves. ...
China Launches Investigation Into Beef Imports
China's commerce ministry launched an investigation into imported beef on Friday at the request of representatives from its struggling domestic industry. The local price of beef in China has trended downwards in recent years, with analysts blaming oversupply and a lack ...
WEEK in REVIEW: Prabowo’s Five-Nation Trip Begins with China, U.S.
The Chinese embassy in Brazil condemned U.S. Trade Representative Katherine Tai for trying to discourage the South American country from joining the Belt and Road Initiative. The embassy said in a statement that Tai's comments were "disrespectful" and Brazil's sovereignty to choose its trade partners "should be respected."
Back to the Future: Milei’s U-turn on China
By Bruno Binetti Argentine President Javier Milei has had a change of heart regarding China. Although he was highly critical of Beijing during the electoral campaign — famously declaring he would refuse all ties with "Communists" and backing out of joining ...
WEEK IN REVIEW: Chinese Premier Li Qiang Embarked on a Three-Nation, Week-Long Tour of Asia-Pacific Countries on Thursday
Chinese Premier Li Qiang will embark on a three-nation, week-long tour of Asia-Pacific countries on Thursday that will include stops in Malaysia, New Zealand, and Australia. Li's visit to both NZ and Australia will be the first by a Chinese premier in seven years and the first to ...