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.
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.
Tianjin (China) and Cali (Colombia) strengthen ties
The cities of Cali (Colombia) and Tianjin (People’s Republic of China (PRC) signed an agreement to establish cooperation and relations with each other. This agreement promotes innovation, productive diversification, and the elimination of underinvestment and the scarcity of technological advances with a view to overcoming poverty and inequality.
Greenlight for Zifivax vaccine in Colombia
The Chinese pharmaceutical company, Chongqing Zhifei Biological Products, has launched a new vaccine called Zifivax to combat COVID-19. According to the resolution published by Invima —the institution in charge of national health references— there are sufficient reasons to approve of vaccine, as it has proven to be effective against COVID-19.
Bogota joins the Year of the Water Tiger celebration
February 1, 2022, marked the Chinese New Year, a traditional holiday of great importance in the Chinese calendar. Bogotá (Colombia) was one of the cities in Latin America and the Caribbean that joined the celebration. The Colombian capital also took the opportunity to celebrate 42 years of diplomatic relations with the Asian country.
China outstrips the US with its imports to Colombia
At the beginning of the current year, the National Administrative Department of Statistics (DANE) revealed data on imports between January and November 2021, estimating that imports totaled US$6,545 million. The most surprising aspect of this study was that, for the first time in eight years, China leads annual imports to Colombia.