Tag: Economy

Following heavy stakes in Bitcoin, El Salvador faces crisis and turns to China for support

The recent bankruptcy of FTX, caused a drop in the price of bitcoin. As a result, El Salvador’s fiscal policy was affected by the country’s large purchase of this cryptocurrency. China proposed a possible agreement.
Fundación Andrés Bello

Foreign exchange trading facilities between Argentina and the People’s Republic of China

The President of China, Xi Jinping, met with Argentine President, Alberto Fernández, on November 15, on the occasion of the G20 summit in Bali. The leaders agreed to extend a foreign exchange agreement for US$ 5 billion.
Fundación Andrés Bello

Ecuador succeeds in restructuring its debt with the People’s Republic of China

Ecuador reached an agreement with Chinese banks to provide about $1.4 billion in debt relief through 2025.
Fundación Andrés Bello

Argentine province signs new strategic agreement with PowerChina

Governor of Tierra del Fuego (Argentina) Gustavo Melella signed a strategic agreement for the development of energy projects in Patagonia with Tu Shuipin, representative of PowerChina Energy in Argentina.
Fundación Andrés Bello

China: Chile’s major clothing supplier

Currently, China is the largest exporter of clothing to Chile, according with the report presented by Chile’s National Chamber of Commerce.
Fundación Andrés Bello

Chinese-Argentine relations at record high levels of activity

This last month has brought a great deal of activity to the bilateral relations between the People’s Republic of China (PRC) and Argentina.
Fundación Andrés Bello

Growing presence of the People’s Republic of China in Latin America

China’s (PRC) great commitment in the last decade has been of great importance, the Asian country saw a great opportunity in the region and has pushed to maintain an important presence.

Fundación Andrés Bello

Meeting between the Argentinean and Chinese Ministers of Economy

The Argentine Minister of Economy, Sergio Massa, received the Ambassador of the People’s Republic of China, Zou Xiaoli, to discuss “issues related to the bilateral trade agenda”
Fundación Andrés Bello

Swap: Foreign exchange swaps between Argentina and the People’s Republic of China

Argentine President Alberto Fernandez confirmed that the government of the People’s Republic of China agreed to extend the currency swap with Argentina to strengthen the reserves of the Central Bank of Argentina (BCRA).
Fundación Andrés Bello

The U.S.-China trade war and its impact on Peru

According to Daniel Velandia, chief economist of Credicorp Capital, the existing tension between the two countries has hindered Peru’s inflationary reduction, and increased the uncertainty regarding a global economic recession.
Fundación Andrés Bello
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