15 June 2020
The transport network company behind the app 99 service in Brazil, which is owned by Didi Chuxing Technology Co. of China, has begun arranging the delivery of packages, O Estado de São Paulo reports. The Brazilian newspaper quotes a written statement issued by the operator as saying the app 99 service can be used to … Continue reading "Chinese-owned company starts package deliveries in Brazil"
12 June 2020
China Communications Construction Co. Ltd (CCCC) says its board approved on Tuesday investment by the state-owned enterprise in a Chinese consortium which has the contract to build and operate a road bridge in the northeastern Brazilian state of Bahia. CCCC told the Hong Kong Stock Exchange on Wednesday that a new subsidiary, CCCC South America, … Continue reading "CCCC given nod to take part in Brazilian bridge project"
11 June 2020
Brazilian oil company Petróleo Brasileiro SA (Petrobras) sold 1.11 million tonnes of fuel oil last month, 231 percent more than a year earlier and the most in any month yet, BNAmericas reports, quoting Petrobras Chief Executive Roberto Castello Branco. The business intelligence website quotes Mr Castello Branco as telling an online seminar last week that … Continue reading "Chinese demand breaks Petrobras fuel oil sales record"
10 June 2020
The amount of soybeans China imports rose to 9.38 million tonnes last month, 27.4 percent more than a year earlier, Reuters reports, citing figures given by the Chinese General Administration of Customs on Sunday. The news agency says the annual rise last month was the steepest in any month so far this year. The report … Continue reading "Brazil’s May soybean exports to China surge"
8 June 2020
Chinese maker of electrical appliances and electronics TCL Electronics Holdings Ltd has announced that it will spend up to 325 million reals (US$64.2 million) on doubling to 80 percent its stake in its joint venture in Brazil, SEMP TCL. In a written announcement, TCL says taking the majority stake will lead to deeper penetration of … Continue reading "TCL to take majority stake in its Brazilian joint venture"
5 June 2020
Vale SA executive Luiz Meriz expects shipments to China of iron ore mined by the Brazilian company to increase this year, the China Iron and Steel Association (CISA) says. The Covid-19 pandemic has failed to curb Vale output, a statement posted on the CISA website quotes Mr Meriz, who is in charge his company’s sales … Continue reading "Exec tips Vale annual shipments of iron ore to China to grow"
4 June 2020
Brazilian planemaker Empresa Brasileira de Aeronáutica SA (Embraer) may look for new partners in China and India, Reuters reports, quoting Embraer Chief Executive Francisco Gomes Neto. The news agency quotes Mr Gomes Neto as saying in a teleconference on Monday that the partnerships it forms may be in the fields of engineering, products and production. … Continue reading "Embraer amenable to partnerships with Chinese enterprises"
3 June 2020
Shanghai Buyun Investment Co. fund manager Zhan Xiao thinks China will increase its imports of Brazilian sugar because drought in Thailand has curbed the amount of Thai sugar it can buy, Bloomberg reports. The financial news agency quotes Mr Zhan as saying China will import this year more than the 2 million tonnes of Brazilian … Continue reading "China tipped to buy even more sugar from Brazil"
2 June 2020
China Three Gorges Corp. (CTG) and Energias de Portugal SA (EDP) are jointly building wind farms in Brazil, Reuters reports, quoting the vice-president of CTG’s Brazilian unit, Evandro Vasconcelos. The news agency quotes Mr Vasconcelos as saying in a webcast on Thursday that Chinese state-owned CTG is considering expanding its investment in wind power and … Continue reading "CTG, EDP investing in wind power generation in Brazil"
2 June 2020
Economist Roberto Fendt will join the Brazilian government next month as a deputy minister of the economy, with responsibility for foreign trade and international affairs, Agência Brasil reports, quoting Minister of the Economy Paulo Guedes. The Brazilian state-run news agency says Mr Fendt is the executive secretary of the Brazil-China Business Council. Official figures from … Continue reading "Figure prominent in trade with China joining Brazilian govt"
1 June 2020
Trade in merchandise between China and Portuguese-speaking Countries reached US$31.968 billion in the period from January to March 2020. It represented a 5.13 percent decline year-on-year, according to data from China Customs. Portuguese-speaking Countries sold goods worth US$23.227 billion to China in the first three months of 2020 – a decline of 5.15 percent year-on-year. … Continue reading "Trade between China, Portuguese-speaking Countries tops US$31.97bln in January-March 2020"
1 June 2020
Commodities trader China National Cereals, Oils and Foodstuffs Corp. (COFCO) will begin in July using its terminal in the southern Brazilian port of Santos for loading sugar instead of grain, Reuters reports. The news agency, citing a written announcement by COFCO, says the Chinese state-owned company is making the change in the light of forecasts … Continue reading "COFCO terminal in Santos shifting to handling sugar"
29 May 2020
The volume of Chinese imports of Brazilian soybeans rose to 5.9 million tonnes last month, 2.6 percent more than a year earlier, Reuters reports, citing figures given by the Chinese General Administration of Customs. The news agency attributes the sequential rise to the weather last month being more favourable for transporting cargo on time than … Continue reading "China imports 5.9 mln tonnes of Brazilian soybeans in April"
28 May 2020
Brazil has begun exporting melons to China, the first fresh fruit it has ever shipped there, Agência Brasil reports, citing Brazilian Agriculture, Livestock, and Supply Minister Tereza Cristina Dias. The Brazilian state-run news agency quotes Ms Dias as saying she is trying to open foreign markets to Brazilian foodstuffs other than soybeans, maize, meat and … Continue reading "Brazilian exporters begin shipping fresh fruit to China"
27 May 2020
China and Brazil have reached agreement on deep cuts in tariffs on Chinese imports of sugar, the Brazilian sugar industry association, Unica, says. Unica issued a written statement saying China will set its tariff on the first 1.95 million tonnes of sugar it imports each year at 15 percent, and cut its tariff on imports … Continue reading "Deal done on tariffs on Chinese imports of Brazilian sugar"
26 May 2020
China has imported 230 kg of Brazilian maize for its global transfer base for the introduction of animal and plant germplasm resources , the first seed from a foreign source to be added to the seed bank, Xinhua reports. The Chinese government-run news agency says the shipment of maize is now in quarantine in the … Continue reading "China receives shipment of Brazilian maize for its seed bank"
22 May 2020
Alpargatas S.A., the Brazilian owner of the Havaianas brand of flip-flop sandals has made Australian-born Chinese actress Cecilia Song Yanfei the first Havaianas brand ambassador in China, the Phoenix New Media website reports. The Chinese website quotes Havaianas Asia-Pacific President Robert Esser as saying Ms Song’s authenticity on the big screen matches the feeling of … Continue reading "Cecilia Song the first Havaianas brand ambassador in China"
21 May 2020
Brazilian producer of meat Marfrig Global Foods announced on Monday a profit of 1.2 billion reals (about US$209.8 million) in the first quarter of this year, over double the amount it made a year earlier, Reuters reports. The news agency says Marfrig announced that first-quarter sales rose by 26.6 percent to 13.5 billion reals. The … Continue reading "Marfrig doubles Q1 profit as Chinese meat market rebounds"
20 May 2020
An association of Brazilian producers of meat, ABPA, expects Chinese demand to maintain the strength of Brazilian exports of chicken this year, Reuters reported on Friday. The news agency quotes ABPA President Francisco Turra as forecasting that Brazil will export between 4.3 million tonnes and 4.5 million tonnes of chicken this year, or up to … Continue reading "Chinese demand tipped to drive Brazilian exports of chicken"
19 May 2020
China Telecom Global Ltd and Angola Cables have agreed to increase the capacity of telecommunications connections among China, Angola, and Brazil, the Chinese state-owned enterprise says. China Telecom Global announced in writing on Thursday that the companies have agreed to set up a fast link via South Africa, namely by using Angola Cables data centres … Continue reading "New link to speed data flows among Angola, Brazil and China"