Country: Brazil
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New Chinese Trade Data Reveals Growing Importance of Global South Amid Mounting Tensions With U.S., EU
China registered a record $99 billion trade surplus in June, adding to concerns that Beijing is leaning on exports to try and pull itself out of an economic slump. While the flood of low-cost Chinese-made products is good news for consumers, ...
All-Weather Friends? South Africa, BRICS, and the Year of Elections
By Chris Alden What happens when a card-carrying BRICS member has an election and changes government? Do changes in domestic politics produce changes in policy towards BRICS? South Africa’s recent election in which the leading internationalist party – the governing African ...
WEEK IN REVIEW: Chinese Premier Li Qiang Embarked on a Three-Nation, Week-Long Tour of Asia-Pacific Countries on Thursday
Chinese Premier Li Qiang will embark on a three-nation, week-long tour of Asia-Pacific countries on Thursday that will include stops in Malaysia, New Zealand, and Australia. Li's visit to both NZ and Australia will be the first by a Chinese premier in seven years and the first to ...
It’s Time to Take the BRICS More Seriously
The BRICS group has existed since 2009 and has done little to distinguish itself in 15 years. They created a mid-sized development bank, but other than that, the bloc's accomplishments have been rather modest. That's ...
No, Brazil is Not Targeting Chinese E-Commerce Trade With a 20% Tarrif
News has been circulating online for the past week that Brazil passed a law purportedly imposing a steep tariff on low-cost imports, specifically targeting goods purchased on Chinese e-commerce sites like Shein. According to the German news agency Deutsche Welle: ...
China FM to Attend BRICS Meeting in Russia Next Week: Ministry
China's top diplomat Wang Yi will visit Russia next week for a gathering of counterparts from the BRICS group of emerging economies, Beijing said Friday. Wang will meet with other foreign ministers for talks "on issues of common concern such as ...
China’s Xi Hails Brazil Ties as VP Alckmin Visits Beijing
Xi Jinping hailed China's friendship with Brazil on Friday, telling visiting Vice President Geraldo Alckmin that their ties "go far beyond the scope of bilateral relations." Beijing is the South American country's top trading partner, exceeding $180 billion in each-way trade ...
Brazil Expected to Join Belt & Road During VP’s China Tour This Week
Brazilian Vice President Geraldo Alckmin and Chief of Staff Rui Costa arrived in Beijing on Tuesday for a high-profile five-day China tour aimed at boosting economic ties between the two countries. The pair is accompanied by more than 200 Brazilian business ...
What’s Driving the Surge in Brazil’s Business Ties With China
BYD announced that it opened its 100th dealership in Brazil, highlighting the South American country's growing importance to the Chinese electric vehicle giant. The story is similar across the board in tech, agriculture, and natural resources, among other sectors.
Cheap Chinese Steel Threatens Jobs in Latin America
By Paulina Abramovich Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry. Last year, the region imported ...
Chinese EV Exports to Brazil Surge to Avoid New Tariffs
Brazilian imports of Chinese-made electric vehicles surged by almost 50% in the first quarter of 2024 compared to last year. BYD and other Chinese automakers are rushing to get their vehicles into the market ahead of new import duties that will ...
China’s New Investment Priorities in Latin America and the Caribbean
For much of the past year, there's been a lot of talk about China's new leaner, more focused Belt and Road Initiative that goes by the mantra "Smart and Beautiful." The problem is very few people actually know what it looks ...