As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and ...

Brazil’s government is facing mounting pressure as it decides on a request from Chinese carmaker BYD to reduce import tariffs ...

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Across nine middle-income countries, people generally see investment from China as a good thing because it creates jobs.

At a business forum attended by Lula in Beijing on Monday, Brazil's trade and investment promotion agency said it helped attract around 27 billion reais ($4.8 billion) of Chinese investment to Brazil.

Industry and labor groups say China is taking advantage of Brazil's temporarily low tariff barriers to ramp up its exports rather than investing to build Brazilian factories and create jobs.

BYD's investment in Brazil - its biggest market outside of China - aims to turn a former Ford factory into a manufacturing complex with capacity to make 150,000 electric cars per year.

Cofco, a Chinese state food giant, is behind the project, which will become its largest port outside China. The port is part of its recent $500 million investment in Brazil.

Brazil is also the biggest destination for Chinese investment in Latin America. According to the Brazil-China Business Council, Chinese investment in Brazil since 2007 has totaled more than $73 ...

Overall, the growing ties between Brazil and China has brought Brazil’s economic independence into question. As of 2023, China bought 30 percent of Brazil’s exports, more than any other country.

After the TMT—or technology, media, telecom—bubble burst in the early 2000s, the promising emerging markets of Brazil, Russia, India, and China became the trendy new investment theme.