The workers who traveled from China to northeast Brazil to build a new factory for electric car maker BYD earned roughly $70 per 10-hour shift, over twice the Chinese hourly minimum wage in many regions.
Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped. But China, the destination for more than 70% of Brazil’s annual soy exports, does not appear concerned.
The Indian stock market has shown volatility since October 2024, yet the Economic Survey 2025 emphasizes its long-term growth, strong profitability, and increased investor participation, with BSE market capitalisation surpassing $5 trillion for the first time in May 2024.
BEIJING -- China's exports to over 160 countries and regions saw growth in 2024, according to the General Administration of Customs. The country's exports grew 7.1 percent year-on-year, reaching 25.45 trillion yuan ($3.55 trillion) last year, marking the eighth consecutive year of growth, according to the latest data released by the GAC.
As tariffs and geopolitical tensions transform the $700 billion US-China trade corridor, companies are creating sophisticated new supply chains, with banks rapidly evolving to serve emerging trade patterns.
MILAN — For a long time, the denim industry concentrated its production hubs in countries like China, Bangladesh, Pakistan and Mexico. But over the years, various factors led denim manufacturers to spread the supply chain and start to source from countries like Turkey, India or in Eastern Europe.
China's foreign minister, special advisor to Brazilian president agree to continue efforts to end Ukraine-Russia war - Anadolu Ajansı
China is dominating the clean energy race, Brazil will be steering global climate negotiations, Denmark has approved a world-first tax on livestock emissions and Colombia is saying farewell to fossil fuels. Some observers see the U.S. retreat as a chance ...
Brazil’s slow soybean harvest means that supplies are not reaching buyers as quickly as they might have hoped.
The Chinese workers hired by BYD contractor Jinjiang in Brazil had to hand over their passports to their new employer, let most of their wages be sent directly to China, and fork over an almost $900 deposit that they could only get back after six months' work,
Chinese workers hired to build BYD's new factory in Brazil faced alleged labor abuses, including withheld passports and unlawful contract clauses. While the factory promised to bring local jobs, controversies over forced labor practices cast a shadow over the project and Brazil-China relations.