Head
Top News
56% festive online fashion sales driven by phones: Study
56% festive online fashion sales driven by phones: Study
Japanese capital pouring into textile, garments in Vietnam
Japanese capital pouring into textile, garments in Vietnam
Vietnamese garment firms plan to boost exports to Canada
Vietnamese garment firms plan to boost exports to Canada
US retail industry jobs grew by 18,600 in Nov 2018
US retail industry jobs grew by 18,600 in Nov 2018
Digital Ink Sciences introduces new ink formulation
Digital Ink Sciences introduces new ink formulation
Bank of China authorized to operate in Chile
2018.03.14

 

Chilean banking regulator SBIF on Tuesday said it had authorized Bank of China Limited, one of China’s largest banks, to operate in the country, a further sign of deepening economic ties between China and Latin America.

Bank of China becomes the second Chinese-owned bank with a presence in the South American nation, after China Construction Bank was approved to operate in May 2016.

The Chinese government in recent years has sought to boost use of its yuan currency in Latin America, part of a broader campaign to increase economic and political ties with the region.

China in January invited Latin American and Caribbean countries to join its Belt and Road Initiative, opening the door to billions of dollars in infrastructure investment.

China is already the top trading partner of many Latin American countries, including Brazil, Chile and Argentina.

China accounts for over 20 percent of Chile’s exports, mostly of copper but also lithium, wood pulp, wine, salmon and other products.(FROM CGTN)

Footer2017
CTEI.CN
Official website of CNTAC
Core of China National Textile & Apparel Council (CNTAC)
CTEI.CN is official website of China National Textile & Apparel Council. Commissioned by CNTAC, CNTEX is the operator of CTEI.CN.
CNTEX
Leading provider of Marketing services in Chinese Textile and Apparel Industry
Resource and Information center of Chinese Textile and Apparel Industry
Providing overall marketing plans for international enterprises entering Chinese Textile and Apparel Market.