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Why Brazil Sought Chinese Investments to Diversify Its Manufacturing Economy

Some Chinese firms have sought to localize to meet Brazil’s stringent local content requirements. This has yielded mixed results. Brazil must craft a long-term strategy for its economic relationship with China to increase the odds that bilateral engagement can advance in a new and more sustainable, mutually beneficial direction. ....

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Why Brazil Sought Chinese Investments to Diversify Its Manufacturing Economy

Why Brazil Sought Chinese Investments to Diversify Its Manufacturing Economy
carnegieendowment.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carnegieendowment.org Daily Mail and Mail on Sunday newspapers.

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Biden Electric-Vehicle Plan Would Hurt U.S. Manufacturers

A Tesla charging station in San Juan Capistrano, Calif., in 2018.
(Mike Blake/Reuters)
Biden s plan will make it harder to develop electric cars in the U.S.
In pushing a transition away from fossil fuels, President-elect Joe Biden emphasizes the threat of a rising China, arguing that an American shift to electric vehicles ought to be homegrown rather than dependent on a rival across the Pacific. From Biden’s campaign website, one would believe that the market for electric vehicles is of as much geopolitical import as the Cold War space race. Biden’s energy plan claims that “China is on track to command more than four times the global market share compared to the U.S. in electric vehicle production” and that the outgoing U.S. president has “allowed China to race ahead.” ....

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