SIMILAR POSTS
China/Latin America: China makes
inroads into the Latin American wind
energy sector
China/Latin America: Petrobras sell off
Peruvian subsidiary to Chinese oil
company
China/Latin America: Chinese bank
buys a majority stake in Argentine
Standard Bank
China/Latin America: Chinese
investment in Central America makes
the trading relationship even more one-
sided
China/Latin America: Oil deal between
Mexico and China could redress trade
imbalance
March 19, 2013
by Helena Pow ell
in
0 Comments
Tagged:
,
CHINA/LATIN AMERICA: CHINESE
GOVERNMENT TREATS NEW
ARGENTINE POPE WITH CAUTION
Chinese government treats new Argentine pope with caution; Inter-American Development
Bank benefits from further loans from China; Brazil and China to host a joint textile trade show
in São Paulo.
Chinese government treats new Argentine pope with caution
When Cardinal Jorge Bergoglio of Argentina was elected to the papal office on 13 March as
Pope Francis, the Chinese government expressed its congratulations. However the
government, which is officially Communist and atheist, also used the opportunity to stress its
aversion to Vatican interference in Chinese affairs.
Hua Chunying, a representative of the Foreign Ministry, voiced hopes for a fruitful partnership
between China and the new Pope but also
that the Vatican, ‘must stop interfering in
China’s internal affairs, including in the name of religion’.
A persistent sore point is the Vatican’s diplomatic recognition of Taiwan since 1951, which
this week when China reacted angrily to the presence of Taiwanese President,
Ma Ying-jeou, at the inauguration of the Latin American pope and did not send its own
HOME CATEGORIES ABOUT US JOBS CONTRIBUTORS CONTACT US ANÁLISIS PROFUNDO PARÉNTESIS
delegation. Efforts by previous Popes such as Benedict XVI to resolve the issue have been
unsuccessful, and as yet it is unclear how Pope Francis will approach the situation.
China and the Vatican are also in conflict over the status of Chinese Catholics, of which number
up to 12 million in China. For the last 60 years the Communist regime has been in charge of
the Catholic Church in China, known as the Catholic Patriotic Association, while the Vatican
continues to exert unofficial influence in the country, causing a
church and the ‘underground’ element that looks to Rome.
Chinese Catholics who worship at the underground churches face punishment, violating the
Vatican’s calls for religious freedom. Meanwhile the Vatican excommunicates Catholic bishops
appointed without its approval.
However the Chinese government demands that the process of selection must remain in the
hands of the Communist party. During Benedict XVI’s tenure, at least three Chinese bishops
‘illegally’ appointed were excommunicated, which the government regarded as an
encroachment of its authority.
However there are figures within the Catholic community who believe that Pope Francis could
use his experiences as a priest in Argentina to good effect in easing tensions with China.
Bernardo Cervellera, who is the director of AsiaNews in Rome, a Catholic newsroom focusing
on Asian affairs, believes that Francis’ experience in operating under various authoritarian
regimes in Argentina and his advocacy on poverty issues during the Argentine economic crisis
of 2002 will leave him well placed to make effective progress in relations with China.
Inter-American Development Bank benefits from further loans from China
The People’s Bank of China is partnering with the Inter-American Development Bank (IADB) to
finance $2bn worth of loans for Latin America and the Caribbean, as the region continues to be
beset with problems following the global financial crisis. This latest
will be used to
set up a regional investment fund and comes in addition to a $1bn investment in the region in
2011 for infrastructure projects.
The
held its annual meeting last week in Panama City and released a report revealing
that regional growth is expected to settle around 3.9% until 2017, down from 4.8% during 2002-
2007. The report also stated that the region’s growth will be constrained by falling commodity
prices and expanding fiscal deficits, though slowing rates of inflation are giving Latin American
banks the space to stimulate growth.
The IADB was established in 1959 and is the biggest source of development funding for Latin
America and the Caribbean. It has 48 members, of which China is a donor member.
Brazil and China to host a joint textile trade show in São Paulo
From 23 to 25 October 2013 the Go Textile Sourcing Show (GOTEX) will be held at the Sao
Paulo Anhembi Exhibition Centre. The event will be organised by the China Chamber of
Commerce for Import and Export of Textiles (CCCT), China Council for the Promotion of
International Trade (CCPIT-TEX) and the Brazil Exhibition Company (FCEM) and is open to
textile clothing suppliers from around the world.
Approximately 6000 buyers are expected to attend the
, which will promote the
values of green sustainable development and textile sourcing. The event is also designed to
be a ‘hub of global textile supply chain in South America’ and ‘an ideal platform for international
suppliers to take advantage of the great potential and new business opportunities in the
Brazilian textiles and apparel market.’
The bilateral textile trade between Brazil and China has continued to expand – Chinese exports
to Brazil were valued at more $3.5bn in 2011. The President of CCPIT-TEX, Xu Yingxin, aims to
use the trade show to strike up links with the local market at every stage of the industrial chain,
0
Нравится
0
from production to marketing.
Furthermore CCCT President, Jiang Hui, said, ‘As the largest market in South America, Brazil is
an important goal for the industry and enterprises to explore a diversified international market…
I hope that the GOTEX exhibition will provide an efficient and highly-qualified platform.’
, our reviewer, on April 8, 2013.
PROFILE
or
Name
Not published
Website
Comment
Post It
Pulsamerica Ltd © 2010-2013. All Rights Reserved.
HOME ANÁLISIS PROFUNDO ABOUT US JOBS CONTRIBUTORS CONTACT US PARÉNTESIS