Author: Fundación Andrés Bello

Justo & Bueno in Colombia will close stores after not receiving resources from Chinese firm to pay off debts

The discount and low-cost chain Justo & Bueno was awaiting a financial injection from the Chinese firm JF Capital. However, on the evening of May 10, the Justo & Bueno chain informed that it regretted that the new owners had not been able to meet the agreed deadlines.
Fundación Andrés Bello

Costa Rica and China negotiate settlement

As part of the Authorized Economic Operator (AEO) program, Costa Rican and PRC customs authorities met online in April 2022 to continue negotiations for the signing of a Mutual Recognition Arrangement (MRA) between the customs of both countries.
Fundación Andrés Bello

Meeting between Foreign Minister Wang Yi and the Caribbean

The PRC is willing to work with Caribbean countries to jointly promote peaceful development and work out a plan to strengthen relations going forward.

Fundación Andrés Bello

China rejects U.S. position on the Summit of the Americas

Zhao Lijian, China’s Foreign Ministry spokesman, urged the United States to abandon its unilateral policy following the decision to exclude Cuba, Venezuela and Nicaragua from the IX Summit of the Americas to be held in June 2022.

Fundación Andrés Bello

Peru and China reaffirm their strategic alliance

Peru’s Prime Minister, Aníbal Torres, held a meeting with Liang Yu, the Ambassador of China, highlighting the strategic alliance between the two nations. The Chinese representative paid a protocol visit to the Chief of Cabinet to discuss issues of bilateral interest.
Fundación Andrés Bello

Cuba and China strengthen inter-parliamentary relations

The Vice President of the National Assembly of People’s Power (ANPP) and of the Council of State of Cuba, Ana María Mari Machado, held an online meeting on February 21 with the Vice President of the People’s Republic of China (PRC), Wang Chen.

Fundación Andrés Bello

Fourteen Chinese companies to invest in Argentina

The President of Argentina, Alberto Fernandez visited China in February 2022, to meet with President Xi Jinping. The meeting led to a total of 14 Chinese companies signing contracts to invest in Argentina, outside of the Silk Road Agreement, and immediately deploying different economic development projects.

Fundación Andrés Bello

Ecuador seeks to break out of the labyrinth of oil pre-sales with China

Ecuador is still struggling to divest itself of oil pre-sales. Although there are contracts with the oil creditor companies, the Ecuadorian government is looking for a way to change the situation to its advantage. The business meant a loss of almost US$5,000 million for the country.

Fundación Andrés Bello

Chinese firm JF Capital International has bought the Justo & Bueno chain

The shareholding of the retail company Justo & Bueno (J&B) was purchased by the Chinese conglomerate Joining Futures Capital International Limited. The news of the purchase was made official last Thursday, April 19, following the supermarket company’s financial crisis that began in 2021.
Fundación Andrés Bello

China to provide approximately US$60 million for housing program in Nicaragua

As part of the re-establishment of the diplomatic situation between Nicaragua and the People’s Republic of China (PRC), a series of agreements have been signed to benefit the Central American country. Among these is the “great housing program” that has been underway since February 2022.

Fundación Andrés Bello
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