Category: Brazil 🇧🇷
News from Brazil
Brazil and China seal new trade agreements
Brazil and China have jointly announced the establishment of a Clearing House to facilitate business transactions and loans between the two nations, bypassing the need for the U.S. dollar. The Industrial and Commercial Bank of China will serve as the operating bank for the Clearing House in Brazil, enabling Brazilian and Chinese businesses to conduct transactions and loans using the yuan instead of exclusively relying on the dollar, as it has been the case until now.
China and Brazil aim to cooperate in the photovoltaic industry
Chinese electronics company TCL is considering closer cooperation with Brazilian home appliance manufacturer SEMP. SEMP founder Affonso Brandão Hennel and TCL Group president Li Dongsheng met in Shenzhen, China, to explore opportunities to collaborate and expand their joint business into the photovoltaic sector.
China and Brazil agree to use the yuan in cross-border transactions
Photo: Chinese yuan. By: faungg’s photos. Source: Flickr. On February 7, China’s central bank informed that it signed a memorandum of cooperation with its Brazilian counterpart for the use of the yuan – the Asian country’s national currency – in border transactions. As explained in a brief communiqué, the agreement will streamline the operations of […]
China outranks Colombia, Brazil and Peru as the largest Amazonian fish producer
In 2020, 59,400 tons of this species were produced in the Asian country, while Colombia produced 33,000 tons, Vietnam: 23,000, Peru: 2,100, and Brazil: 1,800. This is due to the fact that China, together with other Southeast Asian countries, has not only focused on fish production for human consumption, but has also become a leader in breeding Amazonian ornamental fish.
The People’s Republic of China sends its congratulations upon Lula da Silva’s victory
Leaders around the world congratulated Luiz Inácion Lula da Silva on his victory as the new president of Brazil. Among them was the PRC’s leader, who sent his congratulations through the country’s Foreign Ministry.
JBS invests in electric trucks for cargo distribution in Brazil
JBS, the world’s largest meat producer, created a new business unit to rent electric trucks to distribute refrigerated cargo to retail. This initiative will support the company in its plan to reduce carbon emissions, as well as reduce logistics costs in the medium and long term.
BYD takes over transportation in Brazil
The Chinese company BYD, one of the most important companies in clean energy and electric vehicles, presented the first Brazilian-made electric articulated bus in the city of São José dos Campos, State of São Paulo, along with the first monorail train that will be part of one of São Paulo’s subway lines.