The BRICS group wrapped up its two-day leaders’ summit in Rio de Janeiro on Monday. The summit’s final communique is a 16,000-word doorstop that covers numerous issues from economics to education.
The communique avoids any direct mention of the United States, and references to “unilateralism” and other coded criticism are also relatively scarce. Rather, the communique keeps the focus on the BRICS’ vision of the strengthening and reform of the global multilateral system ...
Tag: factory
Related Posts
U.S. Firms Urge Washington to Lower Tariffs on ‘Valued Partner’ Vietnam
U.S. companies in Vietnam have urged the Trump administration to lower tariffs on Hanoi, according to a letter from the American Chamber of Commerce obtained by AFP on Tuesday, warning the levies would hurt their business. The Southeast Asian manufacturing hub ...
China Factory Activity Hits Lowest Since 2022, Survey Shows
Chinese factory activity hit a more than two-year low in May, a closely watched survey showed Tuesday, as a detente in Beijing's trade war with Washington was offset by ongoing domestic problems in the world's number two economy. China and the ...
Brazil Sues China’s BYD Over ‘Slavery’ Conditions on Build Site
Brazilian prosecutors are suing Chinese electric car giant BYD and two contracting companies for human trafficking and alleged slave labor conditions at a build site, according to legal documents seen by AFP Thursday. The case concerns 220 Chinese workers found last ...
Vietnam Urges Stricter Controls on Origin of Goods After Tariff Shock
Vietnam's trade ministry has ordered authorities to tighten control over the origin of goods to avoid sanctions by trading partners in the wake of threatened U.S. tariffs, according to a document seen by AFP on Tuesday. A document by the ministry ...
Indonesia’s Manufacturing Gamble: Turning Trade Wars into Economic Opportunity
The relocation of Chinese factories to Southeast Asia is no longer just speculation; it is happening. Countries like Vietnam have already seen significant increases in Chinese industrial investment as companies seek alternative production bases to navigate shifting global trade dynamics.
Analysis from Cobus van Staden
China Manufacturing Activity Contracts for First Time in Four Months
China's manufacturing activity shrank in January for the first time in four months, official data showed Monday, as Beijing battles to sustain the recovery in the world's second-largest economy. Policymakers have battled to reverse a post-pandemic slump driven by a crisis ...
Chinese Workers Saved From ‘Slave-Like Conditions’ at BYD Site in Brazil
More than 160 Chinese workers have been saved from "slave-like conditions" in Brazil, where they had been building an electric car factory for Chinese giant BYD, officials said Tuesday. BYD's Brazilian subsidiary said in a statement late Monday it has "broken ...
China Manufacturing Expands for Second Straight Month
China saw an uptick in industrial output for the second straight month in November, government data showed Saturday, an encouraging sign for officials as they battle stagnant activity. Beijing has, in recent weeks, announced a slew of the most aggressive measures ...
Work to Resume at India iPhone Plant After Factory Fire
An Indian factory producing iPhone components was resuming work on Thursday after a fire halted production. This is the third blaze to disrupt Apple's local supply chain since the start of last year. India has pitched itself as an emerging manufacturing ...
Indonesian Middle Schooler In Hot Water With Local Authorities For Fighting Against Chinese Wood Pellet Exporter
“The road only has a capacity of five tons, but the Jambi mayor Syarif Fasha allowed up to 20 tons , exceeding and violating the regional regulation concerning road transportation,” a young girl eloquently spoke to the camera. The girl continued: “They worked together – the Chinese ...
Huawei in North Africa: Lots of Good PR, Not a Lot of Tech Transfer
Huawei's success in Africa is undeniable. It's built large swathes of the continent's telecom network and is an indispensable player at almost every layer of the African technology stack. But when it comes to transferring skills and technology, the company's record ...
Chinese Motorcycle Factory Opens in Angola
A new Chinese motorcycle factory has kicked off in Angola, one of several new automotive ventures in African countries. The Chinese state-owned heave vehicle company Sinotruk announced a new $20 million assembly line in Tanzania, while China's First Automotive Works (FAW) has also started producing trucks in ...