China proposes $10bn loan for Latin America countries

China has offered to set up a $10bn (£6.4bn) credit line for Latin American countries to support infrastructure projects in the region.

The proposal was made by China's Premier Wen Jiabao as he wrapped up his visit to the region.

He also proposed a free trade pact between China and South American trade bloc Mercosur, which includes Brazil, Argentina, Uruguay and Paraguay...Read more...

China's trade surplus widens in June on slowing imports

China's trade surplus widened in June as import growth weakened, underscoring worries about both the domestic and global economy.

The trade surplus grew to $31.73bn (£20.46bn), up 42.9% from the same month last year, the customs bureau said.

The main contributor was weak imports which grew by 6.3%, about half the pace analysts had been expecting...Read more...