IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.01% USD/MXN17.47▲ 0.26% USD/CLP924.00▼ 0.22% USD/COP3,227▼ 0.13% USD/PEN3.39▲ 0.21% USD/ARS1,475▼ 0.07% USD/UYU40.18▲ 1.61% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 4.17% USD/DOP58.39▲ 1.63% USD/CRC447.87▲ 1.83% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.31% USD/TTD6.75▲ 1.81% EUR/BRL5.84▲ 0.05% BRENT 85.04 ▲ 0.96% WTI 79.32 ▲ 0.47% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.49% GOLD 3,998 ▲ 0.31% SILVER 55.70 ▼ 0.35% SOY 1,190 ▼ 0.42% CORN 462.00 ▲ 4.64% WHEAT 672.50 ▼ 0.33% COFFEE 299.60 ▼ 6.75% SUGAR 14.50 ▲ 0.42% ORANGE JUICE 134.95 ▼ 2.81% COTTON 77.88 ▲ 0.24% COCOA 5,614 ▲ 7.63% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,847 ▼ 1.48% ETH 1,828 ▼ 1.87% SOL 74.44 ▼ 1.11% XRP 1.09 ▼ 0.11% BNB 564.15 ▼ 1.41% ADA 0.16 ▼ 0.42% DOGE 0.07 ▼ 1.20% AVAX 6.48 ▼ 0.41% LINK 8.17 ▼ 1.90% DOT 0.85 ▼ 0.44% LTC 44.37 ▼ 1.27% BCH 222.82 ▲ 0.54% TRX 0.32 ▼ 0.32% XLM 0.18 ▼ 1.09% HBAR 0.07 ▼ 0.61% NEAR 1.91 ▼ 2.93% ATOM 1.50 ▼ 0.51% AAVE 90.41 ▼ 0.79% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR16.50▲ 0.44% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,299 ▲ 0.94% KOSPI 6,821 ▼ 6.37% JCI 6,179 ▲ 1.17% USD/JPY162.41▲ 0.01% USD/CNY6.78▲ 0.07% DAX 24,729 ▼ 0.75% CAC 8,310 ▼ 0.82% FTSE 10,575 ▲ 0.03% MIB 51,923 ▼ 0.86% IBEX 19,243 ▼ 0.32% STOXX 639.63 ▼ 0.64% EUR/USD1.14▲ 0.04% GBP/USD1.34▼ 0.72% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.53 ▲ 10.76% USD/CAD1.40▼ 0.11% US10Y 4.5690 ▲ 0.53% IBOV 173,825.27 ▼ 1.24% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,185,257 ▼ 3.22% COLCAP 2,285.11 ▼ 0.30% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.01% USD/MXN 17.47 ▲ 0.26% USD/CLP 924.00 ▼ 0.22% USD/COP 3,227 ▼ 0.13% USD/PEN 3.39 ▲ 0.21% USD/ARS 1,475 ▼ 0.03% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.78% USD/BOB 10.63 ▲ 4.17% USD/DOP 58.39 ▲ 1.63% USD/CRC 447.87 ▲ 1.83% USD/GTQ 7.62 ▲ 2.69% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.80% USD/TTD 6.75 ▲ 1.81% EUR/BRL 5.84 ▲ 0.05% BRENT 85.04 ▲ 0.96% WTI 79.32 ▲ 0.47% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.49% GOLD 3,998 ▲ 0.31% SILVER 55.70 ▼ 0.35% SOY 1,190 ▼ 0.42% CORN 462.00 ▲ 4.64% WHEAT 672.50 ▼ 0.33% COFFEE 299.60 ▼ 6.75% SUGAR 14.50 ▲ 0.42% ORANGE JUICE 134.95 ▼ 2.81% COTTON 77.88 ▲ 0.24% COCOA 5,614 ▲ 7.63% BEEF 223.05 ▼ 3.07% CATTLE 346.88 ▼ 0.88% LITHIUM 68.86 ▼ 3.10% PETR4 39.89 ▼ 1.72% VALE3 72.98 ▼ 2.05% ITUB4 42.55 ▼ 1.37% BBDC4 18.41 ▼ 1.02% ABEV3 15.60 ▲ 0.19% BBAS3 20.76 ▲ 1.02% B3SA3 15.39 ▼ 1.91% WEGE3 43.49 ▼ 1.74% PRIO3 56.79 ▼ 1.23% SUZB3 41.70 ▲ 0.53% RENT3 38.86 ▼ 3.69% AZZA3 18.53 ▼ 0.70% CSAN3 3.88 ▼ 1.27% RAIZ4 0.29 — 0.00% PCAR3 2.59 ▼ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 55.22 — 0.00% CVCB3 1.35 ▲ 0.75% POSI3 3.88 ▼ 1.77% SLCE3 13.61 ▲ 0.81% NATU3 8.56 ▼ 1.27% BRKM5 6.10 ▼ 4.84% RANI3 8.08 ▲ 1.25% CSNA3 5.10 ▼ 2.67% CMIN3 5.45 ▲ 4.01% USIM5 7.90 ▼ 3.66% GGBR4 23.91 ▼ 1.20% ENEV3 25.95 ▼ 3.71% CPFE3 47.19 ▲ 0.77% CMIG4 11.09 ▼ 0.54% EQTL3 39.85 ▼ 1.19% LREN3 13.65 ▼ 3.19% VIVT3 35.47 — 0.00% RAIL3 13.93 ▼ 1.00% KLABIN 17.36 ▼ 0.17% RAIA DROGASIL 18.52 ▼ 0.80% RDOR3 35.87 ▼ 0.39% HAPV3 10.95 ▼ 0.36% FLRY3 16.42 ▼ 0.55% SMTO3 15.72 ▲ 1.22% UGPA3 31.99 ▲ 2.86% VBBR3 34.37 ▲ 1.84% BBSE3 41.18 ▲ 1.15% BPAC11 56.59 ▼ 0.79% CURY3 31.29 ▼ 4.40% AERI3 2.02 — 0.00% VIVARA 23.35 ▼ 0.72% COMPASS 24.91 ▼ 0.80% VAMOS 3.16 ▲ 1.28% SANB11 26.83 ▼ 0.63% ASAI3 8.56 ▼ 1.15% SBSP3 29.30 ▼ 2.27% WALMEX 49.59 ▼ 0.22% GMEXICO 198.85 ▼ 0.68% FEMSA 225.20 ▲ 0.86% CEMEX 22.74 ▲ 0.53% GFNORTE 180.87 ▼ 1.41% BIMBO 58.25 ▲ 1.27% TELEVISA 9.52 ▼ 0.42% AMX 22.78 ▼ 0.09% GAP 391.88 ▼ 1.31% ASUR 280.94 ▼ 0.89% OMA 231.98 ▼ 1.37% KOF 179.47 ▲ 1.42% GRUMA 286.75 ▲ 1.92% KIMBER 38.91 ▲ 0.65% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 75,975 ▼ 3.28% GGAL 7,860 ▼ 4.20% PAMPA 5,110 ▼ 2.48% TXAR 664.00 ▼ 1.04% ALUAR 940.00 ▼ 2.03% TGS 9,360 ▼ 4.00% CEPU 2,265 ▼ 3.37% MIRGOR 16,850 ▼ 0.74% COME 44.60 ▼ 2.26% LOMA NEGRA 3,550 ▼ 1.73% BYMA 300.50 ▼ 1.15% TELECOM ARG 4,198 ▼ 2.72% ECOPETROL 15.82 ▼ 1.00% BANCOLOMBIA 79.47 ▼ 2.55% GRUPO AVAL 4.97 ▼ 1.19% CREDICORP 387.44 ▼ 2.70% SOUTHERN COPPER 175.66 ▼ 3.24% BUENAVENTURA 30.17 ▼ 1.76% MERCADOLIBRE 1,857 ▲ 0.77% NUBANK 13.79 ▼ 0.65% XP 16.68 ▼ 1.13% PAGSEGURO 9.15 ▼ 0.65% STONE 11.20 ▼ 0.71% GLOBANT 32.20 ▲ 0.69% TECNOGLASS 46.83 ▲ 2.54% GAP AIRPORT 225.96 ▼ 0.81% ASUR 280.94 ▼ 0.89% OMA AIRPORT 107.21 ▼ 0.64% AMX ADR 26.14 ▲ 0.11% FEMSA ADR 129.49 ▲ 0.56% CEMEX ADR 13.10 ▲ 0.23% PETROBRAS ADR 17.47 ▼ 2.18% VALE ADR 14.22 ▼ 3.07% ITAU ADR 8.30 ▼ 1.78% SANTANDER BR 5.30 ▼ 0.93% AMBEV ADR 3.05 ▲ 0.66% CSN 1.00 ▼ 2.91% GERDAU 4.72 ▼ 1.77% LATAM ADR 53.18 ▼ 3.08% BTC 62,847 ▼ 1.48% ETH 1,828 ▼ 1.87% SOL 74.44 ▼ 1.11% XRP 1.09 ▼ 0.11% BNB 564.15 ▼ 1.41% ADA 0.16 ▼ 0.42% DOGE 0.07 ▼ 1.20% AVAX 6.48 ▼ 0.41% LINK 8.17 ▼ 1.90% DOT 0.85 ▼ 0.44% LTC 44.37 ▼ 1.27% BCH 222.82 ▲ 0.54% TRX 0.32 ▼ 0.32% XLM 0.18 ▼ 1.09% HBAR 0.07 ▼ 0.61% NEAR 1.91 ▼ 2.93% ATOM 1.50 ▼ 0.51% AAVE 90.41 ▼ 0.79% SELIC 14.25% EMBRAER 81.77 ▼ 0.70% EMBRAER ADR 64.37 ▼ 0.82% JBS 12.03 ▼ 0.58% JBS BDR 61.50 ▲ 0.11% MBRF3 15.29 ▼ 0.71% MBRFY 2.93 ▲ 2.09% INTER 5.54 ▼ 1.42% EGX 52,928 ▲ 0.70% USD/ZAR 16.50 ▲ 0.70% USD/NGN 1,378 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,529 ▼ 3.60% HSI 24,562 ▼ 1.78% NIFTY 24,299 ▲ 0.94% KOSPI 6,821 ▼ 6.37% JCI 6,179 ▲ 1.17% USD/JPY 162.41 ▲ 0.04% USD/CNY 6.7784 ▲ 0.22% DAX 24,729 ▼ 0.75% CAC 8,310 ▼ 0.82% FTSE 10,575 ▲ 0.03% MIB 51,923 ▼ 0.86% IBEX 19,243 ▼ 0.32% STOXX 639.63 ▼ 0.64% EUR/USD 1.1443 ▼ 0.01% GBP/USD 1.3439 ▼ 0.30% SPX 7,534 ▼ 0.51% DJI 52,553 ▼ 0.20% NDX 29,026 ▼ 1.62% RUT 2,975 ▼ 0.06% TSX 35,340 ▼ 0.21% VIX 18.53 ▲ 10.76% USD/CAD 1.4034 ▼ 0.04% US10Y 4.5690 ▲ 0.53%
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Friday, July 17, 2026

East Asia China

Japan and China’s Complex Path to Economic Collaboration

By · November 17, 2023 · 2 min read

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The recent San Francisco summit between Japanese Prime Minister Fumio Kishida and Chinese President Xi Jinping marked a pivotal moment in Japan-China relations.

This was their first meeting since November 2022. They focused on economic cooperation despite unresolved issues.

In the past year, tensions between Japan and China have risen. Before the summit, officials like Japanese adviser Takeo Akiba and Chinese Minister Wang Yi held talks.

They agreed to focus on the economy. The leaders planned to restart a high-level economic dialogue that stopped in 2019.

They also initiated a new framework for discussing export controls on critical goods like semiconductors.

However, some contentious issues remained unresolved. Kishida expressed concerns about the safety of legitimate business activities.

This was a veiled reference to the detention of Japanese nationals in China.

For instance, an executive from Astellas Pharma’s Chinese branch was arrested. Kishida called for his release, but there was no progress.

Japan and China's Complex Path to Economic Collaboration. (Photo Internet reproduction)
Japan and China’s Complex Path to Economic Collaboration. (Photo Internet reproduction)
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Xi maintained a ban on Japanese seafood imports. This was in response to Japan’s release of treated wastewater from Fukushima.

The leaders agreed to refer this issue to experts for a solution.

Security topics also surfaced in the discussions. Kishida raised concerns about Chinese activities near the Senkaku Islands, which China claims.

He urged Beijing to remove a buoy near these islands.

Xi’s meeting followed a conciliatory discussion with U.S. President Joe Biden. Xi aimed to stabilize the region and counter U.S. influence.

The relationship between Beijing and Tokyo is complex.

This includes historical and territorial disputes and the sensitive Taiwan issue. Xi urged Japan to respect past commitments on Taiwan.

Despite differences, Kishida and Xi agreed to build stable relations. They pledged to hold talks on economic issues.

Yet, fundamental changes in their relationship remain difficult.

Experts like Liu Jiangyong and Shi Yinhong suggest that strategic and ideological oppositions hinder major breakthroughs.

In summary, while a step towards cooperation, the Japan-China summit highlighted persistent challenges in their relationship.

It underscores the need for continued dialogue and careful management of differences.

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