TCL to in­vest $100m in Ar­gentina in a year

China Daily (Canada) - - BUSINESS -

Chi­nese elec­tron­ics gi­ant TCL Cor­po­ra­tion plans to in­vest $100 mil­lion in Ar­gentina over the next 12 months, Ar­gentina’s govern­ment an­nounced. The an­nounce­ment fol­lowed a meet­ing be­tween Ar­gen­tine Pres­i­den­tMauri­cioMacri and the CEO of TCL, Li Dong­sheng, at the pres­i­den­tial head­quar­ters and res­i­dence in Ar­gentina’s cap­i­tal Buenos Aires. “TCL Cor­po­ra­tion, based out ofHuizhou, in Guang­dong prov­ince, is one of the largest firms in its field, pro­duc­ing mo­bile phones, tele­vi­sions and home ap­pli­ances, among other con­sumer goods,” ac­cord­ing to a news item posted on the pres­i­den­tial web­site. com­modi­ties mar­kets with the fun­da­men­tals in the pe­tro­leum sec­tor ex­pected to im­prove in the next 18 months. “Iron ore and met­al­lur­gi­cal coal prices have been stronger than ex­pected, al­though we con­tinue to ex­pect sup­ply to grow more quickly than de­mand in the near term,” Macken­zie said in a BHP quar­terly pro­duc­tion up­date. lower growth in full-year prof­itabil­ity was the 18 per­cent fall in the pound against the dol­lar after Bri­tain’s vote to leave the Euro­pean Union. 29 per­cent in 2004. Their op­ti­mism about qual­ity jobs fell to the low­est level after the global eco­nomic re­ces­sion in 2008, to 8 per­cent in Novem­ber 2009

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