Sunday, September 4, 2016 Macri tackles deficit with ChinaHANZGHOU, CHINA — President Mauricio Macri proposed solving Argentina’s six-plus billion dollar trade deficit with China by promoting tourism from China to Argentina, in a bilateral meeting held with Chinese President Xi Jinping yesterday in Hangzhou, China. According to the Chinese leader, 130 million Chinese citizens travel abroad per year, with the majority going to other Asian countries, Europe or Canada. In 2015, China purchased 9.4 million tons of soy beans from Argentina, increasing over 20 percent in the past four years. “Macri wants China to purchase via Alibaba, the great Chinese MercadoLibre, products from Argentina and the region,” said Argentine Ambassador to China David Guelar in an interview with radio La Red after the meeting. They arrived last Thursday in China after a stopover in Qatar where Macri had meetings with the country’s Emir.

Source: Bueno Aires Herald September 04, 2016 03:00 UTC