Chavez Predicts $3B in China Trade
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President Hugo Chavez said oil and gas deals he recently signed with the Chinese, part of a strategy to reduce reliance on U.S. export markets, will boost trade with the Asian country to nearly $3 billion next year.
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The rate of foreign direct investment is expected to fall over the next three years, a report says.
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China's total foreign trade for 2004 is expected to jump 30 percent year-on-year to 1.1 trillion dollars, making it the world's third largest trading power, the Ministry of Commerce said.
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China has seen its trade surplus hit $22.4bn in May from a year earlier, according to official data.
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Venezuela expects trade with Colombia to reach $2.5 billion this year, a 73 percent increase over 2003, Venezuela's ambassador to Colombia said Monday.
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China pledged to invest $10 billion in Brazil over the next two years as the two countries strengthen economic and trade ties. China agreed to invest in railroads, ports, steel mills
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China's trade surplus reaches $24.97bn (Â£12.3bn) in August, hovering within a whisker of its record high set in June.
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Warren Buffett makes a $3.5bn profit from the sale of his shares in Chinese oil firm PetroChina.
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A $3 billion investment from China's government leapfrogs CEO Stephen Schwarzman past rivals.
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ChinaÂs trade surplus with the world ballooned last month to $18.8 billion as exports soared, according to preliminary customs figures.
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President Hugo Chavez said he will chop three zeros off new bolivar currency bills to bolster Venezuelans' perception of a strong currency in a bid to curb inflation, which is now highest in Latin America.
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The upcoming Christmas holiday will be a memorable one for Venezuelan President Hugo Rafael Chavez Frias, he will spend it in snow-covered Beijing.
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Rising oil prices are expected to hit China's growth rate this year.
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HAVANA Â· In his first visit to Latin America, Chinese President Hu Jintao came bearing billions of dollars worth of potential trade and investment agreements that prompted regional leaders to herald a new era of closer ties with the emerging economic
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China's trade surplus rose a bigger-than-estimated 73 percent in May from a year earlier, increasing pressure on the government to allow faster currency gains.
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China&#39;s total trade volume will reach 1.1 trillion US dollars in 2004 -- up 30 percent over 2003 --with a trade surplus of about 10 billion US dollars, said Assistant Minister of Commerce Yi Xiaozhun.
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China&#39;s car production and sales this year will be lower than expected and also the lowest increasesince China&#39;s entry to the World Trade Organization three years ago, according to industry experts.