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	<title>China South America &#187; Coal</title>
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		<title>Rare question and answer Xinhua Exclusive on China- Latam relations</title>
		<link>http://chinasouthamerica.com/home/2012/01/18/rare-question-and-answer-xinhua-exclusive-on-china-latam-relations/</link>
		<comments>http://chinasouthamerica.com/home/2012/01/18/rare-question-and-answer-xinhua-exclusive-on-china-latam-relations/#comments</comments>
		<pubDate>Wed, 18 Jan 2012 14:57:12 +0000</pubDate>
		<dc:creator>Benito</dc:creator>
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		<description><![CDATA[Thank you Xinhua News. Please click here to access the article from Xinhua News. &#160; China to deepen ties with Latin-America 2012-01-17 17:26     chinadaily.com.cn Yang Wanming, director-general of the the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, exchanged views with chinanews.com readers online on Tuesday afternoon. &#160; Yang Wanming, director-generalof the [...]]]></description>
			<content:encoded><![CDATA[<p>Thank you Xinhua News. Please click here to access the article from Xinhua News.</p>
<p>&nbsp;</p>
<div align="center"><strong>China to deepen ties with Latin-America</strong></div>
<div align="center">2012-01-17 17:26     chinadaily.com.cn</div>
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<div>
<p>Yang Wanming, director-general of the the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, exchanged views with chinanews.com readers online on Tuesday afternoon.</p>
<p>&nbsp;</p>
<table border="0" cellspacing="2" cellpadding="1" align="center">
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<td align="middle" valign="center"><center><img id="4469127" class="aligncenter" src="http://www.chinadaily.com.cn/china/images/2012diplomats/attachement/jpg/site1/20120117/0013729e4809107f7df10d.jpg" alt="China to deepen ties with Latin-America" width="126" height="130" align="center" /></center></td>
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<td align="middle" valign="center">
<p align="left"><span style="font-size: xx-small;">Yang Wanming, director-generalof the Department of Latin American and Caribbean Affairs of the Chinese Foreign Ministry, answers questions from chinanews.com readers online on Jan 17, 2012. [Photo/Chinanews.com]</span></p>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>Topic: China-Latin America cooperation in culture</p>
<p><strong>Q:</strong> <em>How do China and Latin America cooperate in the field of culture?</em></p>
<p>A: China has opened 32 Confucius institutes in Latin America, covering almost all Latin American countries. Both sides also send art troupes to visit one another and conduct people-to-people exchanges. Many Chinese people like their football, music and dances and engage in studying Spanish and Portuguese. Many Chinese books have also been translated into Spanish and sold in Latin America.</p>
<p><strong>Topic: Cooperation in energy</strong></p>
<p><strong>Q:</strong><em> What&#8217;s the current situation with Sino-Latin American energy cooperation? Some people think China is plundering energy resources there and uses it as a way to curb the US.</em></p>
<p><strong>A:</strong> China is trying to carry out comprehensive cooperation with Latin American countries and its efforts have been well welcomed by them. The cooperation not only benefits the two parties, but also contributes to global peace, stability and prosperity. It started late and is on a relatively small scale, but has been developing fast. China imported 20.73 million tons of crude oil from Latin American countries in 2010, which accounts for 8.7 percent of China&#8217;s total import in that year. Venezuela has become China&#8217;s 4th largest oil provider. The two parties will explore cooperation on new energy. It&#8217;s totally based on equality and mutual benefit and will do no harm to the third party.</p>
<p><strong>Topic: US view on China-Latin America relationship</strong></p>
<p><strong>Q:</strong> <em>The relationship between China and Latin American countries has developed so fast. What do you think of the feeling in the US to this?</em></p>
<p><strong>A:</strong> In recent years, the independence of Latin American countries is growing and its economic growth momentum becomes more diverse than before.</p>
<p>The rapid development of China-Latin America relations is on the basis of mutual benefit and win-win for both sides and is within the needs of Latin American countries&#8217; diversified diplomacy and development strategy.</p>
<p>It will not only benefit development of both, but also contribute to the world&#8217;s stability and development.</p>
<p>China and the US have already established a consultation mechanism on Latin-America, and through four different consultations, the two parties have enhanced their mutual trust on this issue.</p>
<p>And the US has repeatedly stressed in their consultations that strengthening relations between China and Latin American countries will be good for Latin-America&#8217;s stability and development.</p>
<p><strong>Topic: Chinese workers kidnapped in Colombia</strong></p>
<p><strong>Q:</strong> <em>It was reported that several Chinese employees were kidnapped in Colombia by unidentified armed militants. How are they now? Could you release some information about the rescue efforts?</em></p>
<p><strong>A:</strong> Four Chinese workers were kidnapped by some unknown armed militants in Caquetá province in Colombia on June 8, 2011. We have urged the Colombia authority to spare no effort to carry on the rescue work under the premise of guaranteeing the safety of hostages. Since then, the Chinese embassy in Colombia has kept in close cooperation and contact with Colombia&#8217;s relevant departments. The rescue work has not finished yet, but the safety of the four hostages can be guaranteed. Chinese companies are facing more risks as they go global on a larger scale. We need to increase our political backup and diplomatic guarantee to them, strengthen the consular protection and safeguard their legitimate interests. Meanwhile we advise Chinese people in Latin America to improve their sense of safety and precaution.</p>
<p><strong>Q: How about China-Mexico relations?</strong></p>
<p><strong>A:</strong> China and Mexico are both developing countries and are working at enhancing people’s living standards. They hold the same positions on many international issues and regularly cooperate on these..</p>
<p>China and Mexico have some trade friction over trade imbalance problems, but we hope both sides can deal with the problems reasonably and from a development point of view.</p>
<p>We hope both can take active measures to promote the diverse, comprehensive and healthy development of the two countries’ economic and trade relations.</p>
<p>February 14 marks the 40th anniversary of diplomatic relations between China and Mexico. We believe the relations can become more comprehensive, steadier and healthier with the two countries’ joint efforts in the future.</p>
<p><strong>Q: Can you talk about the relationship between China and Brazil?</strong></p>
<p><strong>A:</strong> Brazil is one of the biggest countries in Latin America and one of the emerging powers in the region. The China-Brazil relationship is one of the most important between China and Latin America.</p>
<p>In recent years, the strategic partnership between China and Brazil has made considerable progress. They maintain a good momentum of high-level exchanges and the political mutual trust is deepened.</p>
<p>Their economical cooperation is also deepening constantly, which has brought tangible benefits to people of both countries. Bilateral trade volume exceeded $80 billion in 2011. Investment cooperation in finance, energy, steel, and machine manufacturing has also made great progress, and is expanding constantly.</p>
<p>China and Brazil have active exchanges in science, technology and culture as well.</p>
<p>The cooperation in the fields of Earth resource satellites, agricultural technology and aviation is progressing continuously. And the cooperation in culture and education is also very close.</p>
<p>China’s Confucius Institute Headquarters opened two Confucius Institutes and a Confucius school in Brazil and Brazil’s important media institutions have sent many journalists to work in China.</p>
<p>China and Brazil are both developing countries and have broad and consistent interests on major international issues. The Chinese government attaches great importance to relations with Brazil and believes the two countries’ cooperation in various fields will make great progress with their joint efforts.</p>
<p>&nbsp;</p>
</div>
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		<title>Colombia talks royalties and possible SWF</title>
		<link>http://chinasouthamerica.com/home/2010/09/08/colombia-talks-royalties-and-possible-swf/</link>
		<comments>http://chinasouthamerica.com/home/2010/09/08/colombia-talks-royalties-and-possible-swf/#comments</comments>
		<pubDate>Wed, 08 Sep 2010 13:12:38 +0000</pubDate>
		<dc:creator>Benito</dc:creator>
				<category><![CDATA[-- C.S.A. --]]></category>
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		<description><![CDATA[Reuters reported on Aug 30, Colombia&#8217;s government has presented Congress with its proposals on reforms for both oil and mining royalties.  The country is seeking to regain investment grade status lost during the chaotic 1990&#8242;s&#8211;to accomplish this creating the legal framework and modern institutions for attracting new investment to its mining and energy sectors is [...]]]></description>
			<content:encoded><![CDATA[<p>Reuters reported on Aug 30, Colombia&#8217;s government has presented Congress with its proposals on reforms for both oil and mining royalties.  The country is seeking to regain investment grade status lost during the chaotic 1990&#8242;s&#8211;to accomplish this creating the</p>
<div id="attachment_1503" class="wp-caption alignleft" style="width: 235px"><a href="http://chinasouthamerica.com/home/wp-content/uploads/2010/09/Colombia-Bogata.jpg"><img class="size-medium wp-image-1503" title="Colombia-Bogota" src="http://chinasouthamerica.com/home/wp-content/uploads/2010/09/Colombia-Bogata-225x300.jpg" alt="" width="225" height="300" /></a><p class="wp-caption-text">Bogota, Colombia - Wikicommons</p></div>
<p>legal framework and modern institutions for attracting new investment to its mining and energy sectors is crucial.</p>
<p>Newly elected president Juan Manuel Santos will focus on centralizing how exactly royalties are managed to insure the roughly $3 billion collected yearly are is more evenly distributed.  He also announced plans to create a Chile and Norway like Sovereign Wealth Fund which could help the country avoid slowdowns int he future by setting aside cash during boom cycles.</p>
<p>It is estimated the constitutional reforms on royalties will need at least one year to complete.  Managing economic growth, improving savings and reducing fiscal deficits are key for Colombia if it hopes to meet the requirements of rating agencies and analysts for achieving investment grade.</p>
<p>Colombia is currently the #5 global producer of coal, #4 oil producer in Latin America and hopes to raise its rankings in other commodities as well.</p>
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		<title>Newswire: China and Commodities in focus</title>
		<link>http://chinasouthamerica.com/home/2009/08/13/newswire-china-commodities-in-focus/</link>
		<comments>http://chinasouthamerica.com/home/2009/08/13/newswire-china-commodities-in-focus/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 21:24:00 +0000</pubDate>
		<dc:creator>benito - chinasouthamerica</dc:creator>
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		<description><![CDATA[China stops expansion projects in steel industry for three years &#8211; Xinhua China&#8217;s Ministry of Industry and Information Technology (MIIT) Thursday announced a three-year moratorium on approvals of new expansion-related proposals in the iron and steel industry, as the government pledges to eliminate outdated capacity. CISA stance hurts small steel mills &#8211; China Daily China&#8217;s [...]]]></description>
			<content:encoded><![CDATA[<p><a style="font-weight:bold;" href="http://www.echinacities.com/main/news/ShowNews.aspx?n=3568">China stops expansion projects in steel industry for three years</a> &#8211; Xinhua</p>
<p><a href="http://3.bp.blogspot.com/_12wvHUXBo3c/SoSHBAAwqZI/AAAAAAAAB_I/K5epM7C-l-o/s1600/ChineseFemaleWarrior.JPG"><img class="alignright" style="border:0 none;" src="http://3.bp.blogspot.com/_12wvHUXBo3c/SoSHBAAwqZI/AAAAAAAAB_I/K5epM7C-l-o/s320/ChineseFemaleWarrior.JPG" border="0" alt="" width="214" height="320" /></a>China&#8217;s Ministry of Industry and Information Technology (MIIT) Thursday announced a three-year moratorium on approvals of new expansion-related proposals in the iron and steel industry, as the government pledges to eliminate outdated capacity.</p>
<p><a href="http://www.echinacities.com/main/news/ShowNews.aspx?n=3567"><span style="font-weight:bold;">CISA stance hurts small steel mills</span></a> &#8211; China Daily</p>
<p>China&#8217;s top negotiators in the bitter and protracted row over the price of iron ore seem destined never to agree &#8211; risking a loss of face that will raise questions about whether they are up to the job and who it is they are actually representing.</p>
<p>Their apparent refusal to compromise is damaging the competitiveness of smaller domestic steel mills, forcing them to buy from their larger counterparts, say analysts. The bigger firms have been content to pay whatever the spot price is for ore and pass on the premiums.</p>
<p><a style="font-weight:bold;" href="http://www.echinacities.com/main/news/ShowNews.aspx?n=3555">CNPC to speed up oil assets buy plan</a><span style="font-weight:bold;"> </span>- Xiao Wan of eChinaCities</p>
<p>China National Petroleum Corp (CNPC), the country&#8217;s largest oil and gas producer, will speed up overseas acquisitions in regions such as <span style="font-weight:bold;">Africa </span>and <span style="font-weight:bold;">South America</span> this year, in a bid to boost China&#8217;s quest for energy security.</p>
<p><a style="font-weight:bold;" href="http://www.echinacities.com/main/news/ShowNews.aspx?n=3554">Coal mines to merge in new plan</a> &#8211; China Daily</p>
<p>A large-scale restructuring of the coal industry in China&#8217;s major coal-producing province of Shanxi, starting at the end of this month, will reduce accidents and improve efficiency by shutting down small coal mines, officials said.</p>
<p>&#8220;The restructuring this time is the largest after years of adjusting the coal industry&#8217;s structure,&#8221; Miao Huanli, planning section director of Shanxi provincial coal bureau, said yesterday.</p>
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		<title>[Commodities] &#8212; Is the rally over?</title>
		<link>http://chinasouthamerica.com/home/2009/06/29/commodities-is-the-rally-over/</link>
		<comments>http://chinasouthamerica.com/home/2009/06/29/commodities-is-the-rally-over/#comments</comments>
		<pubDate>Mon, 29 Jun 2009 15:20:00 +0000</pubDate>
		<dc:creator>benito - chinasouthamerica</dc:creator>
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		<description><![CDATA[Commodity Rally May Falter on Supply, Speculators June 29 (Bloomberg) &#8212; Commodities, heading for the first quarterly advance in a year, may struggle to repeat their gains in the next three months as supply expands and speculators sell. Nickel may average 29 percent less in the third quarter than now, crude oil 16 percent, copper [...]]]></description>
			<content:encoded><![CDATA[<p style="text-align:center;"><a href="http://1.bp.blogspot.com/_12wvHUXBo3c/Skjc2p0EEMI/AAAAAAAABt8/sMdjviMO4ko/s1600/commodities.jpg"><img class="aligncenter" src="http://1.bp.blogspot.com/_12wvHUXBo3c/Skjc2p0EEMI/AAAAAAAABt8/sMdjviMO4ko/s320/commodities.jpg" border="0" alt="" /></a><a href="http://www.bloomberg.com/apps/news?pid=20601130&amp;sid=aeD7ZDKpfhMo">Commodity Rally May Falter on Supply, Speculators</a></p>
<p>June 29 (Bloomberg) &#8212; Commodities, heading for the first quarterly advance in a year, may struggle to repeat their gains in the next three months as supply expands and speculators sell.</p>
<p>Nickel may average 29 percent less in the third quarter than now, crude oil 16 percent, copper 14 percent and gasoline 10 percent, analyst estimates compiled by Bloomberg show. Hedge funds and speculators cut their bets on higher prices by 23 percent in the two weeks ended June 23, the first back-to-back drop since March, based on an index using U.S. Commodity Futures Trading Commission data. The World Bank said June 22 the global recession will be deeper than it expected three months ago.</p>
<p>“Commodities have gotten a little ahead of themselves,” said Walter “Bucky” Hellwig, who helps oversee $30 billion at Morgan Asset Management in Birmingham, Alabama. “As long as there’s uncertainty about growth, that’s going to be headwind commodities won’t be able to overcome.”</p>
<p>Commodities rose 14 percent this quarter, led by nickel, oil and sugar, after three consecutive declines, according to the Reuters/Jefferies CRB Index of 19 raw materials. This year’s 57 percent advance in oil costs, combined with widening budget deficits, may cause another global slump, said Nouriel Roubini, the New York University economics professor who predicted the financial crisis.</p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601130&amp;sid=aeD7ZDKpfhMo">Click here</a> to access the full article from Bloomberg<!--Session data--></p>
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		<title>Jim Rogers: &quot;We are going to have serious food shortages in a few years&quot;</title>
		<link>http://chinasouthamerica.com/home/2009/05/14/jim-rogers-we-are-going-to-have-serious-food-shortages-in-a-few-years/</link>
		<comments>http://chinasouthamerica.com/home/2009/05/14/jim-rogers-we-are-going-to-have-serious-food-shortages-in-a-few-years/#comments</comments>
		<pubDate>Thu, 14 May 2009 00:13:00 +0000</pubDate>
		<dc:creator>benito - chinasouthamerica</dc:creator>
				<category><![CDATA[-- China --]]></category>
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		<description><![CDATA[Jim Rogers sits down with Bloomberg host Haslinda Amin in his home base of Singapore. Haslinda gets a full twenty minutes to test his patience while she asks what his opinions are on investing in a variety of investment categories. Commodities. Currencies. North American Natural Gas. Yen Carry Trade. Agriculture. Equities. ETF&#8217;s. As usual, Jim [...]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family:verdana;">Jim Rogers sits down with Bloomberg host Haslinda Amin in his home base of Singapore. </span><span style="font-family:verdana;">Haslinda gets a full twenty minutes to test his patience while she asks what his opinions are on investing in a variety of investment categories. Commodities. Currencies. North American Natural Gas. Yen Carry Trade. Agriculture. Equities. ETF&#8217;s. </span></p>
<p><span style="font-family:verdana;">As usual, Jim Rogers is sticking to what he knows best-raw materials.  If you&#8217;re a new reader, or have not heard of Jim Rogers definitely run a search on the right of his name to bring up past posts and videos including him.</span></p>
<p><span style="font-family:verdana;">Part 1 /3</span></p>
<p>[youtube=http://www.youtube.com/watch?v=2x7LbA9hx6Y&amp;hl=en&amp;fs=1&amp;color1=0x2b405b&amp;color2=0x6b8ab6&amp;border=1]</p>
<p><span style="font-family:verdana;">Part 2 / 3</span></p>
<p>[youtube=http://www.youtube.com/watch?v=kPxKuKrdNTM&amp;hl=en&amp;fs=1&amp;color1=0x2b405b&amp;color2=0x6b8ab6&amp;border=1]</p>
<p><span style="font-family:verdana;">Part 3 / 3</span></p>
<p>[youtube=http://www.youtube.com/watch?v=oWLjEEEIEL0&amp;hl=en&amp;fs=1&amp;color1=0x2b405b&amp;color2=0x6b8ab6&amp;border=1]</p>
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		<title>Jim Rogers: Speak Mandarin, Don&#039;t Buy America</title>
		<link>http://chinasouthamerica.com/home/2009/05/12/jim-rogers-speak-mandarin-dont-buy-america/</link>
		<comments>http://chinasouthamerica.com/home/2009/05/12/jim-rogers-speak-mandarin-dont-buy-america/#comments</comments>
		<pubDate>Tue, 12 May 2009 04:59:00 +0000</pubDate>
		<dc:creator>benito - chinasouthamerica</dc:creator>
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		<description><![CDATA[- &#8211; - [youtube=http://www.youtube.com/watch?v=XKslM3KDLmY&#38;hl=en&#38;fs=1&#38;color1=0x2b405b&#38;color2=0x6b8ab6&#38;border=1]]]></description>
			<content:encoded><![CDATA[<p><span style="font-family:verdana;font-size:100%;">- &#8211; - </span></p>
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