Earlier this month, China announced new safeguard measures on beef imports, establishing strict tariff-rate-quotas for major trading partners. The impact of the new quotas varies significantly by country, with Brazil taking the largest hit.

While the Chinese government and the Trump administration have recently tried to cool down trade tensions, tariffs on U.S. agricultural products are still in effect, and Beijing's efforts to secure alternative sources continue.

Hong Kong's CK Hutchison finds itself at the center of a growing international controversy over its deal to sell its port business, including assets in Panama, to a U.S. firm. The transaction has sparked "extensive discussions" in Hong Kong, underscoring the delicate balance between global

CK Hutchison's negotiated sale of its port business has sparked criticism, highlighting the geopolitical implications of U.S.-China competition on international firms.

Chinese President Xi Jinping's recent visit to Brazil culminated in a Joint Statement and 37 collaboration agreements spanning various sectors, including agriculture, industry, energy, mining, and finance. The visit also led to an agreement on aligning China's Belt and Road Initiative (BRI) with Brazil's

China and Peru have further strengthened their economic relationship with the signing of an upgraded Free Trade Agreement (FTA) on November 14. The agreement, along with the inauguration of the Chancay Port, a major Belt and Road Initiative project, underscores the growing strategic partnership between the two nations.

Chinese President Xi Jinping arrived in Peru today for a state visit and to attend the 31st APEC Economic Leaders' Meeting. The trip will further solidify the two countries' strategic partnership and underscore China's growing economic influence in the region.