Displaying items by tag: CHINA

The Governments of El Salvador and China held in Beijing, the first Political Consultation Meeting between the two nations, an event that served to strengthen and expand ties of friendship, cooperation and joint work in areas of bilateral interest.

The member countries of the Organization of Petroleum Exporting Countries (OPEC) have reduced their crude oil production in recent months and are expected to maintain this cut until october, according to information published by Bloomberg, a company dedicated to economic information.

China is in one of the most complicated stages of its economy, since it has been experiencing a marked slowdown for a couple of months, job losses and low production for exports.

The global economic scenario is witnessing a complex and constantly evolving dynamic. One of the most relevant news has been the recent drop in the prices of copper and other base metals, whose epicenter lies in the changing demand prospects of China, the world's leading consumer nation.

The President of the Republic, Nayib Bukele announced in a press conference that El Salvador has begun talks to sign the Free Trade Agreement (FTA) with China, the second largest economy in the world.

According to the International Monetary Fund (IMF), economic ties between China and Latin America have grown sharply over the past 20 years. China has become a major partner of the region, with increasing imports of raw materials and exports of manufactured goods. On the investment side, China has emerged as a source of capital for Latin America; Chinese investment is expanding rapidly from natural resources to other sectors.