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 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.

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.

The Economic Survey states that a robust public transportation system will help reduce traffic congestion, promote energy efficiency, and ensure that the benefits of clean mobility are accessible to all socioeconomic groups.

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.

China's foreign minister, special advisor to Brazilian president agree to continue efforts to end Ukraine-Russia war - Anadolu Ajansı

As world leaders grapple with the U.S. withdrawal from the Paris Agreement, Brazil, the host of this year’s COP30 global climate summit, sees an opportunity to amplify the voices of developing nations in what will be a fierce dispute over who will pay for the global transition to cleaner energy sources.

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, according to a labor contract seen by Reuters.

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.

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.

India's limited local currency trade reduces risk of US tariffs amid BRICS de-dollarisation push, promoting rupee internationalisation.