Tag: Argentina
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Latin America Split Over How to Counter China’s Steel Surge
Argentina terminated anti-dumping duties on Chinese aluminum foil, removing trade barriers that had restricted shipments from China and reopening the market to Chinese producers. The move marks a notable shift in South America’s trade posture toward Chinese industrial exports, even as ...
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Brazil Signals New Openness to Mercosur-China Talks as Beijing Seeks Deeper Ties
By Lisandra Paraguassu and Lucinda Elliott Brazil is considering pushing for a partial trade agreement between the Mercosur bloc and China for the first time, senior Brazilian government officials said, in what would be a major shift for Latin America's largest ...
Argentina Trade Deals With U.S. Do Not Box out China, Minister Says
By Leila Miller and Brendan O'Boyle A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on Friday.
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 ...
Chinese-Language Media Abuzz Over Rumors Huawei is Now China’s Largest Beef Importer Thanks to Argentina
Reports are circulating on mainstream media outlets in both China and Taiwan that Huawei has become China's largest importer of beef that it sells online with other agricultural products. Chinese netizens were seemingly puzzled by the reports that not only appeared on ...
WEEK IN REVIEW: U.S. Defense Secretary Lloyd Austin Will Visit Cambodia Next Week
U.S. Defense Secretary Lloyd Austin will visit Cambodia next week after attending the Shangri-la Dialogue in Singapore. The visit is widely seen as an effort to counter China's enormous influence in the Southeast Asian country. (THE DIPLOMAT) China’s Premier ...
WEEK IN REVIEW: China-Friendly Former Foreign Minister Jeremiah Manele Elected Prime Minister of Solomon Islands
China-friendly former foreign minister Jeremiah Manele was elected prime minister of the Solomon Islands on Thursday, defeating an opposition leader intent on curbing Beijing’s reach in the Pacific nation. Manele won 31 votes in a secret ballot of 50 MPs, the climax of a national election that ...
Wang Yi Wraps Diplomatic Blitz With South American Foreign Ministers
Chinese Foreign Minister Wang Yi concluded a four-day diplomatic sprint with a trio of his counterparts from strategically vital countries in South America. All three foreign ministers from Bolivia, Argentina, and Peru were in Beijing for separate meetings with senior Chinese ...
Argentina’s President Sounds a Lot More Pragmatic About China Than He Did Last Year
Argentina's President Javier Milei provided new clarity on his government's approach to managing ties with China, which were thrown into confusion when he came to power last year. Milei broke with his predecessors who fostered close, cordial ties with Beijing. That ...
Where Next for Argentina-China Relations?
By Javier Lewkowicz Argentina’s new president Milei has called for shake-ups to the country’s foreign policy, including less cosy ties with China. It won’t be so straightforward. Since taking power in December, the government ...
Wang Yi Met With Argentina’s Foreign Minister in Yet Another Sign Ties Are Begining to Stabilize in the Milei Era
The foreign ministers from China and Argentina met briefly on Saturday on the sidelines of the Munich Security Conference for what seemed like a very ordinary bilateral gathering. Other than a pro forma read-out on Xinhua, neither the Chinese nor ...
Argentina and Ghana to Play a Friendly in Beijing Next Month
Argentina officially confirmed on Wednesday that it will play an international friendly against Ghana's Black Stars in Beijing on March 26th. China-Argentina relations have been wobbly since the recent election as president of China hawk Javier Milei, who withdrew the country ...
China-Argentina Ties Teeter on Financial, Trade Concerns
Argentina is balancing a high-wire act in its relations with China — one of its largest trading partners and a crucial source of funding for Buenos Aires during its financial crisis. Both sides seem to be taking a practical approach to ...
The BRICS Got Bigger in 2024 But Not as Big As Expected
Five new countries joined the BRICS bloc at the beginning of the year, marking a dramatic expansion for the fourteen-year old group. With the admission on January 1 of Saudi Arabia, UAE, Iran, Ethiopia, and Egypt, the loosely-formed group is now ...
China Cuts Off Vital Lifeline to Argentina, Recalls Ambassador
The younger generation loves to say — with saltier wording — “You mess around and find out.” Argentina’s new president, Javier Milei — who while campaigning used fierce anti-China rhetoric — has apparently messed around and found out.
Argentina’s ‘China-Bashing’ New President Reaches Out to Xi Jinping for Help: Report
After bashing China during his presidential campaign and vowing to downgrade ties, Argentina’s new leader, Javier Milei, is reportedly reaching out personally to Chinese President Xi Jinping to request continued financial support as Argentina’s economic crisis worsens. Leading conservative newspaper ...
Awkward Timing as Italy Withdraws from BRI
Italy has announced its formal withdrawal from the Belt and Road Initiative after joining the China-centered infrastructure and investment project in 2019. The timing of the announcement that Rome won't renew its BRI commitment is notable. It came only a day before the ...
Argentina Will Not Join BRICS, Says Incoming Foreign Minister
Argentina will not join the China-led BRICS group when President-Elect Javier Milei takes office, the incoming foreign minister said, emphasizing the many possible shakeups to come under the new administration. “We will not join the BRICS,” said Diana Mondino, who is set ...
WEEK IN REVIEW: Argentina’s President-Elect Javier Milei Begins Pivot Toward the U.S. And Away From Beijing
Argentina's president-elect Javier Milei met with U.S. officials in Washington as he begins to pivot toward the U.S. and away from Beijing. While campaigning, the radical libertarian said he would downgrade ties with China, which he called “an assassin.” (REUTERS) Chinese Foreign ...
China Sends Tough Love Message to Argentina’s President-Elect
The Chinese government is putting on a brave face in response to the election of Argentina's far-right president-elect Javier Milei who regularly denounced Beijing in the campaign and even compared China to a “murderer.” President Xi Jinping sent the usual congratulatory ...
Beijing Says Economic Ties Will Trump Argentina’s Election of ‘Anti-China’ Milei
China expressed assurance that close economic ties with Argentina will override threats by the country’s newly elected president to downgrade relations with Beijing. Questions about the future of the countries' traditionally strong bilateral relations are being raised after Monday’s landslide victory ...
Argentina’s Relations With China in Question as ‘Radical Populist’ Wins Presidential Election
China’s relations with Argentina are in question after right-wing “anti-communist” Javier Milei shook the country with an upset victory in Monday’s presidential election. While campaigning, Milei called China an “assassin" and said he would minimize or break off bilateral relations.
Argentina Election Could Usher in Dramatic Change in China Ties
Argentina’s neck-and-neck presidential election this week will decide between two starkly different candidates with wildly opposing visions for the country’s relations with China. Centrist Sergio Massa faces libertarian Javier Milei in the presidential runoff on Sunday, with polls showing a virtual ...
Argentinian President Leans Into China Ties while Dissent Brews at Home
Argentina’s President Alberto Fernández visited Shanghai ahead of the Belt and Road Forum. He met with Dilma Rousseff, the head of the BRICS-led New Development Bank, as well as leaders of several companies, including Huawei and several large infrastructure companies. Notable was a
Odd One Out: Argentina in BRICS?
By Bruno Binetti The decision of the BRICS to invite Argentina to become a full member in 2024 came as a surprise even to the Argentine government. President Alberto Fernández had lobbied to enter the club, but the expectations were so low ...
WEEK IN REVIEW: Philippines Coast Guard Successfully Circumvented Chinese Maritime Forces in the South China Sea
The Philippines Coast Guard successfully circumvented Chinese maritime forces in the South China Sea to deliver provisions to the BRP Sierra Madre, a dilapidated WWII-era warship grounded on a contested shoal. China denounced Tuesday's delivery as "illegal." (RAPPLER) Vietnam is reportedly planning ...
The BRICS Gets Bigger. Six New Members Added to the Bloc
The BRICS group is going to need a new name to accommodate the admission of six countries that were officially invited to join the bloc as of January 1, 2024: 1) Argentina2) Egypt3) Ethiopia4) Iran5) Saudi Arabia
WEEK IN REVIEW: Japanese Foreign Minister Arrived in South Africa on Tuesday on Three-Nation African Tour
Japanese Foreign Minister Yoshimasa Hayashi arrived in South Africa on Tuesday for the first leg of a three-nation African tour that also includes stops in Uganda and Ethiopia. Hayashi's visit is widely seen as part of G7 countries' broader effort to counteract China and Russia's growing influence on ...
Chinese Foreign Policy Viewed Decidely Negative in 24- Country Pew Survey
Publics in two dozen countries around the world, mostly advanced economies in the Global North, are increasingly negative about China and its foreign policy, according to the findings of Pew Research Center's annual Global Attitudes Survey. Unsurprisingly, negative views about China ...
Messi Shouts Out Chinese Fans on Taobao
Argentinian football phenom Lionel Messi appealed to his Chinese fans in the most Chinese way possible: via a live appearance on the giant e-commerce platform Taobao. Flanked by Chinese e-commerce influencers, Messi wished Chinese fans a "happy Dragon Boat Festival." While ...
WEEK IN REVIEW: Xiomara Castro, President of Honduras, to Travel to China for First Visit Since Switch of Diplomatic Relations From Taiwan
Xiomara Castro, the president of Honduras, will travel to Beijing this week for her first visit to China since her government switched diplomatic relations from Taiwan to the People’s Republic. Coffee trade is expected to be on the agenda and she will reportedly sign several (as-yet undefined) cooperation ...
How Chinese Distant Fishing Is Wrecking Coastal Economies
China’s distant fishing fleet is increasingly affecting coastal economies throughout the Global South. With an estimated 17,000 vessels, China has the world’s largest distant fishing fleet. They operate in a legal grey zone, hauling thousands of tons of sea creatures from international ...
Economy Minister Sergio Massa Leads Argentina’s Pivot to China, Racking Up Some Big Wins During Recent Visit
Argentinian Economy Minister Sergio Massa wrapped up a near-week-long visit to China on Saturday. Early indications are that it was an enormously successful trip. Massa arrived in Beijing last week with a long list of things he needed to get done to ...
Argentina Scores $924 Million in Deals from China
Argentina’s Economy Minister Sergio Massa managed to secure almost a billion dollars' worth of investment deals on the first leg of his trip to China. He is on an economic rescue mission, with talks expected to renew and extend a currency ...
How China Is Moving up the Ranks in the Global Arms Market
By Lukas Fiala The label ‘Made in China’ has long epitomized China’s prominence in global manufacturing. From primary materials to advanced consumer goods, China’s rapid economic rise has been undergirded by the country’s insertion into global value chains since the 1980s ...
South Africa Urges Caution on BRICS Currency as Global Yuan Use Creeps Up
The BRICS group (Brazil, Russia, India, China, and South Africa) will discuss the feasibility of a joint currency at an upcoming summit in Johannesburg in August. Naledi Pandor, South Africa’s Minister of Foreign Affairs, acknowledged that scheduling the discussion was prompted by calls from member states to move away ...
WEEK IN REVIEW: Chinese and Indian Oil Buyers Ignoring West’s Price Cap on Russian Crude
Chinese and Indian oil buyers are ignoring the West's price cap on Russian crude, snapping up a majority of Moscow's output at prices well above the $60 per barrel limit. The cap was imposed by G7 countries in a bid to curb revenue used by the Russian military ...
New Report: China Is Now the Major Lender of Last Resort for Developing Countries
China has spent $240 billion in rescue payments to 22 economically distressed Belt and Road economies between 2008 and 2021. A new report published by AidData, the research center at the College of William and Mary, and co-authored with researchers at the ...
WEEK IN REVIEW: Japan Will Upgrade Ties With ASEAN Later This Year To “Comprehensive Strategic Partnership
Japan will upgrade its ties with the Southeast Asian bloc ASEAN later this year to a "comprehensive strategic partnership" -- joining both the United States and China at this level. Tokyo is moving quickly to strengthen its ties in the region in response to heightened tensions with China and ...
China-Argentina Call Reveals Closer Ties
China’s Foreign Minister Qin Gang held a phone conversation with his Argentine counterpart Santiago Cafiero, the newest sign of the two countries’ increasing closeness. Argentina is a champion of closer cooperation between China and Latin America and plans to join the BRICS bloc. ...
Scholz Looks to South America to Reduce Germany’s Dependence on Chinese Critical Resources
German Chancellor Olaf Scholz has spent the past few days crisscrossing South America in a bid to find alternative sources of critical minerals, notably lithium, that his country's powerful auto industry now relies predominantly on China to supply. Over the weekend, ...
Lula Pitches South American Trade Pact With China in Bid to Save Mercosur
Brazilian President Luiz Inacio Lula da Silva called for a South American regional trade agreement with China as part of a desperate bid to save the embattled Mercosur bloc. Lula proposed the idea during a speech on Wednesday in the Uruguayan capital of ...
Xi Issues Call For Solidarity Among Developing Nations in Video Address to Latin American Leaders Summit
Chinese President Xi Jinping addressed the final day of a leaders summit of the Community of Latin American and Caribbean States (CELAC) in Buenos Aires on Tuesday, where he renewed calls for closer coordination among developing countries and improved South-South cooperation. The President's ...
South Africa’s Ruling ANC Party Calls For BRICS Expansion
South Africa's ruling African National Congress party said the government should use its position as chairman of the BRICS group to welcome new countries to the China-founded bloc. “The ANC and ANC-led government should support the expansion of BRICS by admitting ...
WEEK IN REVIEW: The G77 Bloc of Countries Together With China To Propose a New “Loss and Damage” Fund at the COP27 Summit
The G77 bloc of countries together with China is reportedly going to propose a new "loss and damage" fund at the COP27 summit to provide finance to poor countries impacted by climate disasters. The fund appears to be a repackaged version of the failed "climate adaptation fund" that wealthy ...
Ladies and Gentlemen, Xi Jinping is Back in the Diplomatic Game
After three years of avoiding major in-person diplomatic engagements, Chinese President Xi Jinping re-emerged on the diplomatic stage with a flurry of at least eight bilateral meetings on the sidelines of the G20 summit in Bali, Indonesia. Spread among the President's ...
WEEK IN REVIEW: A Military Stand-off Between a Chinese-Run Mining Company and the DRC’s State-Owned Mining Giant Gécamines Heading to Arbitration
A military stand-off between a Chinese-run mining company and the DRC's state-owned mining giant Gécamines is heading to arbitration. Congolese army forces took control of two of the Australian-based, Chinese-controlled company MMG's mines in Haute Katanga. After the company's appeals to Congolese authorities went unanswered, MMG is now ...
WEEK IN REVIEW: China Quietly Distributed More Than $30 Billion in “Emergency Loans” to Financially-Distressed Developing Countries in Recent Years
China has quietly distributed more than $30 billion in so-called "emergency loans" to financially-distressed developing countries in recent years, according to new data compiled by AidData. Details of the loans have not been publicized but analysts believe they're intended to help borrowers avoid defaulting on Chinese-financed infrastructure loans ...
China is Using its Cobalt Playbook to Corner Lithium Supplies
Chinese mining companies are moving quickly to snap up some of the world's largest lithium mines, mostly located in South America's so-called "Lithium Triangle" that stretches across Argentina, Bolivia, and Chile. Since 2018, Chinese companies have invested an estimated $16 billion ...
Global South Media Reactions to Nancy Pelosi’s Visit to Taiwan
Congo: On August 2, Jean-Claude Gakosso, the foreign minister of the Republic of Congo, said that adhering to the one China principle is the consistent policy of the Democratic People's Republic of Congo, the general consensus of the Congolese government and all Congolese people, and there is ...
Chinese Lithium Giant Expands into Argentina
The Chinese battery metals company Ganfeng Lithium Co. will spend $962 million to buy 100% of the Argentinian lithium compounds producer Lithea. The company owns lithium salt lakes with a capacity of 30,000 tons of lithium carbonate per year. Ganfeng Lithium ...
WEEK IN REVIEW: Iran Is the Second Country This Week, After Argentina, to Submit an Application to Join the BRICS Club
Iran is the second country this week, after Argentina, to submit an application to join the BRICS club. The BRICS group is increasingly seen by both Beijing and Moscow as a potential alternative to the Western-led international economic order. Although the BRICS states have agreed to expand their ...
Inflation, Supply Chain Woes Hit Chinese Supermarkets in Argentina
Supply chain disruptions and inflation are driving Chinese shopkeepers out of Argentina’s major cities to the countryside and even to neighboring countries. An Asian business association said rising rents and staff costs mean owners are increasingly considering moving to Bolivia, Chile, Ecuador, or Paraguay. ...
BRICS Members Back China’s Call to Expand the Bloc
Foreign Ministers from the five-nation BRICS group agreed to support China's call to expand the bloc for the first time in more than a decade when South Africa was added. Member states said in a joint statement after the meeting that they agreed in principle to the move but ...
Argentina Could Be Joining BRICS
🇦🇷 Argentina could become a member of the BRICS group. Argentinian officials are joining a flurry of upcoming events with counterparts from Brazil, Russia, India, China, and South Africa, the bloc's five permanent members. Brazil and China reportedly support Buenos Aires joining the group. (MERCOPRESS) ...
Argentina Joins Belt & Road as Part of a Full Embrace of China (and Russia)
Argentinian President Alberto Fernández met for 40 minutes with his Chinese counterpart Xi Jinping in Beijing on Sunday, in what appears to be a major foreign policy shift for Latin America's fourth-largest economy. First, and most importantly, Argentina signed on to become the
Chinese Ambassador and Egyptian PM Visit Local Factory That Will Produce Sinovac Vaccines
China's ambassador to Egypt Liao Liqiang was accompanied last week by Prime Minister Mostafa Madbouly for an onsite visit of the Egyptian pharmaceutical plant that will serve as a manufacturing hub for Sinovac COVID-19 vaccines. Already, the facility has produced a million doses that will be available for ...
How Smaller Countries Can Negotiate More Effectively With China
China's enormous size affords it tremendous advantages in its relations with smaller countries, particularly developing states in the global south. Beijing regularly leverages its huge economy, growing military power, and diplomatic muscle in international organizations to both cajole and even coerce ...
File image of an artisanal miner carrying raw ore at Tilwizembe, a former industrial copper-cobalt mine, outside of Kolwezi, the capital city of Lualaba Province in the south of the Democratic Republic of the Congo. REUTERS/Kenny Katombe/File Photo
By Maxwell Akalaare Adombila and Ange Kasongo The U.S. has made progress in its push to prise Congo's strategic minerals from China's orbit, but conflict, contested licences and compliance demands are still slowing Washington's advance into a region its rival dominates, diplomats and ...
Latin America Split Over How to Counter China’s Steel Surge
Argentina terminated anti-dumping duties on Chinese aluminum foil, removing trade barriers that had restricted shipments from China and reopening the market to Chinese producers. The move marks a notable shift in South America’s trade posture toward Chinese industrial exports, even as ...
Brazil Signals New Openness to Mercosur-China Talks as Beijing Seeks Deeper Ties
By Lisandra Paraguassu and Lucinda Elliott Brazil is considering pushing for a partial trade agreement between the Mercosur bloc and China for the first time, senior Brazilian government officials said, in what would be a major shift for Latin America's largest ...
Argentina Trade Deals With U.S. Do Not Box out China, Minister Says
By Leila Miller and Brendan O'Boyle A deal on critical minerals between Argentina and the U.S. signed this week does not rule out Chinese investment in the country's mining sector, Argentine Foreign Minister Pablo Quirno said on Friday.
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 ...