Is Lula’s upset win also a victory for Chinese firms in Brazil?
With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. A presidential election in Brazil, a country thousands of miles…
The United States has imposed sanctions on two Chinese companies, China National Electronic Import and Export Company (CEIEC) and Beijing H&C Technologies, for allegedly supplying military equipment and components to Cuba’s Ministry of Revolutionary Armed Forces through their Cuban arms procurement partner, Sociedad Mercantil Duna.
The sanctions, announced by the US State Department, aim to pressure Cuba's foreign suppliers and expand the country's authority in targeting businesses operating on the island. The US accuses Cuba of serving as a staging ground for a global coalition of hostile anti-American actors and claims that the targeted Chinese companies facilitated military support to Havana, enabling repression and threatening U.S. interests.
Brief written by urgent.news from Reuters Business via SCMP's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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