Tag: Economy

Economic ties between Ecuador and China

China is now Ecuador’s largest trading partner. This year, Ecuador’s exports of non-oil or mining products to the People’s Republic of China (PRC) increased by 81%.

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Slowdown in Chinese demand affects Argentine meat exports

Argentina suffered a 7% drop in the volume of its beef exports in the first four months of this year, largely due to a slowdown in demand from the PRC, its main buyer.
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Mexico-China trade reaches record $100 billion in 2021

During a session at the Mexico-China 2022 Forum: Recovery in action, the embassy’s Counsellor for Economic, Commercial and Promotional Affairs, Santiago Toledo, stated that the relationship between Mexico and China has been deepening in recent years, and assured that by 2022, all trade records between the two countries will be broken.

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Guyana’s booming economy boosts bilateral trade with China

Estimates by the Economic Commission for Latin America and the Caribbean (ECLAC) show Guyana’s economy expanding by 46%, making it one of the few countries in the Latin American and Caribbean region to show economic growth. The Chinese government noted that Guyana’s economic boom, driven by the oil and gas sector, has resulted in a doubling of bilateral trade in the past two years.
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Strengthening ties and debt reorganization

Ecuadorian President Guillermo Lasso made an official visit to the People’s Republic of China in February of this year. The visit will coincide with the winter games in Beijing, and will also serve as an opportunity to discuss political and economic issues.
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Xi Jinping attends the Economic Leaders’ Meeting at the Asia-Pacific Economic Cooperation Forum (APEC)

The Forum’s 28th Economic Leaders’ Meeting was held on November 12, with the online presence of Chinese President Xi Jinping.

The President’s speech was based on five main points, all of which directly involved the Latin American countries that are part of the Forum.
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Argentina’s possible financing plan for external debt sustainability

Some of the proposed plans for this refinancing have to do with the authorization given by Fernandez to the director of the Central Bank, Miguel Angel Pesce, to negotiate an extension of funds in yuan with the People’s Bank of China.

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Alicia Bárcena says that cooperation between China and Latin America and the Caribbean provides an opportunity to reduce global asymmetries

The ECLAC Executive Secretary stressed that China has a long-term outlook and a clear vision of its horizons and goals. She emphasized that China has managed to advance in technological innovation and overcome poverty very quickly and effectively. “This is why we believe that it is very important to study and understand the Belt and Road Initiative in depth and evaluate the participation of the region’s countries —beyond the 19 countries that have already joined it— whatever each of these decides to advance in; whether it be digital, air, or maritime connectivity or in health or cultural aspects”, said Bércena.
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