The United States withdrawing from the Paris Agreement is a blow to global cooperation on climate change, but other countries are marching ahead and stepping up leadership on the issue. China is dominating the clean energy race,
Chinese soybean processors are shifting their sourcing strategies away from US oilseeds and towards Brazilian cargoes due to price competitiveness and concerns over potential import tariffs, Reuters reported on Friday.
China Asset Management Company, the country's second-largest fund manager, plans to launch funds in the U.S. and Brazil this year, its chief executive said, betting on a revival of investor interest in Chinese markets.
Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, a key labor inspector told Reuters, adding the company has pledged to comply with local labor laws for the workers remaining in the country.
With Donald Trump back as US president with his confrontational style, Chinese, European and Ukrainian leaders are expected to defend global cooperation on Tuesday at the annual gathering of the world's elites in Davos.
In late December inspectors rescued 163 Chinese workers from the construction site of a plant owned by the electric car manufacturer that has come to symbolize Beijing’s growing influence in the South
President-elect Donald Trump has threatened tariffs of 60% against all Chinese goods, igniting fears of retaliatory tariffs from China.
That is nearly double the amount for the second-largest borrower, Brazil. Additionally, China is a nonborrowing, voting member of the Inter-American Development Bank and the Caribbean Development ...
"China stands ready to continue working with Brazil, under the principle of equality, mutual benefit and win-win cooperation, to further enhance exchanges and cooperation in various fields," Guo said.
China, the world’s largest soybean consumer, now gets most of its supply from Brazil, but securing a new trade deal with the US could protect American farmers’ interests.
STORY: Electric vehicle producer BYD brought hundreds of Chinese workers on irregular visas to build a factory in Brazil, according to a key labor inspector.They told Reuters that the company has pledged to comply with local labor laws for the workers remaining in the country.