China’s factory activity growth misses expectations as experts decry insufficient stimulus measures newsthirst.

A worker welds at an agricultural machinery manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou, China, on August 31, 2024. Costfoto | Nurphoto | Getty Images China’s November factory activity growth missed analysts’ expectations Tuesday, signaling that Beijing’s stimulus measures were not sufficient to meaningfully boost the country’s ailing economy. The country’s official purchasing…

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Brazil shuts BYD factory site over ‘slavery’ conditions newsthirst.

Brazilian authorities have halted the construction of a factory for Chinese electric vehicle (EV) giant BYD, saying workers lived in conditions comparable to “slavery”. More than 160 workers have been rescued in Brazil’s northeastern state of Bahia, according to a statement from the Public Labour Prosecutor’s Office (MPT). They were allegedly put in a “degrading”…

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