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TRADE WARS
China, Chile sign accords to enhance trade
by Staff Writers
Santiago (AFP) June 9, 2011

Chile and China signed a series of cooperative agreements Thursday in agriculture, finance and mining during a visit to Santiago by Chinese Vice President Xi Jinping.

"The purpose of my visit to Chile is to enhance friendship, deepen cooperation and achieve mutual development," said Xi, after attending the signing ceremony with Chilean President Sebastian Pinera at the presidential palace.

"We hope not only to deepen ties between our countries, but to offer Chile as a platform for China to integrate with the rest of Latin America," said Pinera.

The agreements include a "strategic partnership" between Chile's state-owned Codelco, which produces nearly 11 percent of the world's copper supply, and China Minmetals, the world's largest copper consumer.

Other agreements are intended to increase cooperation in agricultural exports and the financial, telecommunications, science, technology and cultural sectors.

On Friday, Xi will give a speech at the Santiago headquarters of the United Nations Economic Commission for Latin America and the Caribbean, and later attend a meeting of a Chile-China bilateral business council.




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TRADE WARS
China's trade surplus widens to $13.05 bn in May
Beijing (AFP) June 10, 2011
China's politically sensitive trade surplus expanded to $13.05 billion in May from the previous month as the value of exports hit a new record high, government data showed Friday. The trade surplus - a major bugbear for China's key trade partners, the United States and Europe - was bigger than the $11.4 billion recorded in April but sharply lower than a Dow Jones Newswires forecast for $18 ... read more


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