Focus turns to China mine rescue – Reuters Video
October 17 (Reuters) – After Chile’s mine rescue success attention turns to China’s efforts to save 11 workers trapped underground after an explosion. (01:26)
October 17 (Reuters) – After Chile’s mine rescue success attention turns to China’s efforts to save 11 workers trapped underground after an explosion. (01:26)
Silver - Wikicommons
The 9th China International Silver Conference (CISC) will be held this week ,October 15-17. Major players from across the industry will be heading to Beijing to partake and climb the Fragrant Hills, a beautiful mountain landscape on the outskirts of Beijing which your author climbed back in the fall of 2006.
Here’s some background information on the event. and if this isn’t enough feel free to visit http://silver2010.antaike.com/ for additional info.
As countries around the world have taken a proactive fiscal policy and monetary stimulus, as a result of the global financial crisis, economies have started to show signs of moderate recovery. At the end of 2009, international commodity markets began to rebound; gold and silver were no exception. The world economy continues to suggest complexity and uncertainty and the European sovereign credit crisis is deepening. Many analysts suggest that the price of gold and silver will continue to rise.
In 2010, two principles of global economic recovery are industrial resurgence and the gradual withdraw of government stimulus policy. Governments, under the overall objective background of improving global industrial structure, encouraging economic development methodologies, and controlling inflation, are exploring the new international financial state of affairs. In this post-crisis era, it is also important to grasp potential new financial regulations. The 9th CISC will examine new trends in the global silver market, and discuss ways market participants can help further accelerate silver industrial restructuring and revitalization.
Accordingly, the 2010 China International Silver Conference, will be hosted by Gems & Jewelry Trade Association of China, and co-hosted by China General Chamber of Commerce, China Nonferrous Metals Industry Association, China Chamber of Commerce of Metals Minerals & Chemicals Importers and Exporters, and the Silver Institute. The CISC is will be organized by Beijing Antaike Information Development Co., Ltd, and will be held in Beijing, at the Fragrant Hill Empark Hotel (five stars) on October 15th-17th, 2010.
9th China International Silver Conference (CISC) will invite important national ministries and leading global industry executives, as well as experts in China and abroad to discuss macroeconomics and the global financial situation, silver industry policy orientation, industry upgrades and technical progress. Additionally, Oct 16th is the Double Ninth Festival in the Chinese lunar calendar, which is an auspicious day worthy of celebration. The custom of ascending a height to avoid epidemics was passed down from long time ago. CISC organizers in particular are looking forward to a climbing tour to Fragrance Hill in
accordance with this event.
Conference Theme: Focus on Beijing, Explore in Development, Open up Interspace
Conference Date: Oct 15th-17th, 2010 Beijing, China
Conference Address: Fragrant Hill Empark Hotel (five stars), Beijing
Conference Scale: 300-400 attendees
Conference Attendee: Silver and precious metals producers, consumers, traders, stock and bond brokers, investors, researchers, media and etc
Conference Format: Reports, Discussion and Activities
Hosted by： Gems & Jewelry Trade Association of China
China General Chamber of Commerce
China Nonferrous Metals Industry Association
China Chamber of Commerce of Metals Minerals & Chemicals Importers and Exporters
The Silver Institute
Organized by：Beijing Antaike Information Development Co., Ltd.
Co-hosted by：Henan Jiyuan Jinli Smelting Co., Ltd.
A must read article for anyone interested in Sino-Latin American relations was published today on SeekingAlpha’s website. It is written by Erik Bethel, one of the four founders and CEO of Sino-Latin Capital. I highly recommend it to anyone even mildly interested in the growth of Sino-Latin American relations.
Click here to access the full article direct from SeekingAlpha.
Travel to any country in Latin America and you will see the visible hand of China at work: a computer manufacturing plant in Mexico, a copper mine in Peru, a football stadium in Costa Rica. In the year 2007, the thought of China in Latin America would have appeared, at best, improbable. But in a three-year stretch, China signed free trade agreements with Chile, Peru and Costa Rica, inked billions of dollars worth of deals in oil and mining projects throughout the region, and supplanted the US as Brazil’s biggest trading partner. Once almost unseen in Latin America, China’s bilateral trade has risen from $12bn in 2000 to well over $150bn today.
Given the importance of its new Asian friend, Latin Americans are rolling out the red carpets to Chinese business delegations and jumping on planes not only to Beijing but also to Shanghai, Shenzhen, and Tianjin.
Rationale Behind Chinese Investments in Latin America [...]
Please visit SeekingAlpha to read the full article
In line with China’s outbound investment strategies in Africa and Asia, China is now planning to create a $5 billion usd investment fund for Latin American investments.
The funds target investments will include, infrastructure (probably to help the Chinese get commodities out), agriculture, mining and energy.
Read more in Spanish from Argentinean DERF Agencia de Noticias.
A private Guangdong based firm by the name of Rixin Development, has reached an agreement to buy a majority stack in the ownership of a Chilean iron ore mine.
Rixin Development will acquire a 70% stake in the Chilean property. Such a deal shows the power of China’s up and coming company’s. For starters, Rixin Development is listed only on a local provincial enterprise information website, sdwin.com. The company does not have its own home page. Officially it is a “trader for home appliances, textiles, auto parts and so on, and importer and exporter of various products and technologies.” However, I wish any readers the best of luck if they undertake the challenge to find any further information from a official company medium.
If you follow Alibaba.com’s 101 on how to avoid being scammed in China, such a deal should probably send alarm bells off. Perhaps in the post, economic-recession world of 2010, the traditional elements which define a professional entity are no longer necessary. Especially when your a developing Latin American country hungry for investment… or a private investor in China, STARVING for investment opportunities in a very over-saturated market with little options on where to park your capital and have it grow at the same time. It is clear, the deal is going through and that the company is legitimate.
Li Zihao, president of Rixin was recently quotes saying, “privately-owned companies are in a better position to invest in overseas natural resources.” Time will tell if this is actually true, or if the central government is content with allowing such a dynamic to emerge.
Read a more comprehensive article on the facts (which are known) surrounding this deal via this article over at ChinaMining.org.
Chile’s central bank lowered interest rates to record lows today. This
is the country’s latest effort to stimulate a slowing economy which is
heavily dependent on global prices and demand for its commodity
exports.
Not good news for a country like Chile. Copper demand (its primary
commodity export) looks set to slow in the upcoming months as demand
from China wanes, which until recently had been stockpiling resources.
This seems to be over and now one of Chile’s primary buyers is
sitting on mountains of unused copper. Once again, not good for
Chile, Peru or any other countries that sell their metals to China.
Bloomberg reports:
The currency slipped 1.1 percent to 552.65 per U.S. dollar at 9:15
a.m. New York time, from 546.85 yesterday.
The central bank said in May and June that traders were overestimating
the future path of interest rates. Now it will offer banks six-month
loans that match the new overnight rate of 0.5 percent and cut sales
of its own debt to push yields lower.
“It is necessary to increase monetary stimulus,” the bank said in
yesterday’s statement. “The policy rate will be held at this minimum
level for a prolonged period of time.”
To access the entire article from Bloomberg please visit:
http://www.bloomberg.com/apps/news?pid=20601086&sid=alxLFHEdnThQ
–
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Benito
International Trade Consultant
Mir Global Marketing LLC
http://www.mirglobalmarketing.com
http://www.chinasouthamerica.com
[Peru - China] — Peru, China relations “at best moment”
Chinese ambassador to Peru, Gao Zhengyue, said that relations between his country and Peru “are at their best moment” in history.
According to him, both countries have deepened the confidence in the political, economic, technological educational, cultural, tourism and justice areas, among others.
The Chinese diplomat noted the increase of the economic, trade flow and bilateral investments, and highlighted the increase of the Chinese investments in Peru, with over seven billion dollars.
“I am convinced that with joint efforts the relations between our two brotherly countries will enter a new stage of development and reach a higher level in the two peoples’ benefit,” said Zhengyue.
[Latin America - China - Africa] — China’s new frontier
Chinese telecom-gear makers Huawei and ZTE have already conquered Africa and Asia. Next stop: Latin America.
(Fortune Magazine) — At phone operator Movistar’s sales offices in Buenos Aires, customers line up to buy high-speed wireless services to access the web on their mobile phones. Most Argentines don’t realize, though, that the company providing the gear for their broadband connections isn’t a longtime supplier to Latin America like Alcatel-Lucent, Ericsson, or Motorola, but a relative newcomer called Huawei.
China’s telecom suppliers are coming to the Americas. Pursuing the same formula they’ve used to win business throughout Asia and parts of Africa (selling cheap gear in low-income countries), equipment makers Zhong Xing Telecommunication Equipment (also known as ZTE) and Huawei are now getting a foothold in countries such as Argentina, Chile, and Colombia. Says Leandro Musciano, project director at Movistar Argentina, a unit of Spain’s Telefónica: “Price is important.”
[Caribbean - China] — China’s expanding relations with Latin America and the Caribbean
Commentary
By Odeen Ishmael
The recent visit of Brazil’s President Luiz Inacio “Lula” da Silva to China in May 2009 reflected the Asian nation’s expanding economic and political influence in Latin America and the Caribbean (LAC). One year ago, the Brazilian government had announced that China would surpass the United States as its major business partner. The results of da Silva’s visit verified this after the two nations signed 13 agreements, including a $10 billion loan from the China Development Bank to Brazil’s state oil company Petrobras. Petrobras also concluded a deal with a subsidiary of China’s oil refiner Sinopec for the export of crude oil. A major commercial agreement will also see the beginning of huge poultry exports to China.
Brazil’s two-way trade with China, one of the few economies still growing despite the global crisis, reached US$3.2 billion in April, surpassing the $2.8 billion trade total with the US. So far this year, Brazilian exports to China grew 65 percent over the same period in 2008, rising from $3.4 billion to $5.6 billion.
