Posts tagged ‘Brazil’

18/06/2014

At the World Cup, It’s Made in China, Sold in Brazil – China Real Time Report – WSJ

From the official Adidas ball to armadillo figurines, China may not have made the World Cup this year, but its factories are keeping soccer fans supplied. As Chao Deng and Jenny W. Hsu report:

Made in China, sold in Brazil. So it goes for many a product going to fans across the world.

The country is manufacturing a long list of World Cup memorabilia—from figurines of the armadillo that serves as the games’ official mascot to wigs, flags and caps. And who could forget the (Chinese-made) vuvuzelas that cropped up when South Africa hosted the last cup? This year, the country is stocking fans with an alternative instrument, the percussive Brazilian caxirolas.

While there is no official tally of how much of the sales profits China will keep, margins could be thinning given the rise in domestic labor costs. Many global sportswear brands outsourced their production to Taiwan in the late 1980s, before the Chinese labor market opened up in 1990s, says Mr. Poon. But now, as wages rise in both China and in neighboring Southeast Asian countries, competition between factories is “not only about who’s the cheapest but who’s most efficient” in production.

“The term ‘Made in China’ is slowly becoming the definition of high-quality, even though it wasn’t the case in the past,” said Simon Lee, president of Wagon Group, the Taiwanese-owned Chinese company that is responsible for 80% of the officially licensed souvenirs for this year’s World Cup.

via At the World Cup, It’s Made in China, Sold in Brazil – China Real Time Report – WSJ.

14/06/2014

BBC News – China’s literal take on World Cup fever

The Global Times started it. The headline in the Communist Party controlled newspaper ran: Soccer fever kicks off fake sick notes.

Chinese football fans react as they watch the opening football match between Brazil and Croatia of the 2014 World Cup, in Xuchang, north China"s Henan province on June 13

Citing the painful 11-hour time difference between China and Brazil – meaning games kick-off sometime between midnight and 06:00 – the article suggested that opportunistic online wheeler-dealers were offering the fraudulent diagnoses to enable fans to take the day off.

There are certainly a lot of football fans in China.

The national team may be a long-running embarrassment, having only ever qualified for one World Cup, back in 2002, but the passion is still there.

The time difference with South Africa wasn’t all that much better than Brazil but China still accounted for the largest single-country audience for the 2010 tournament, with an average of 17.5 million tuning in for each live match.

Chinese are known for their love of football

For a relatively small fee, a sick-note can be arranged

A veritable peoples’ army of genuine football craziness, no doubt. But an army of sick-note slackers and skivers?

China’s artistry for fakery has been well documented. Fake bags and watches, fake cars even, are old news. Recent reports uncovered the existence of a fake UN peacekeeping force.

So it is not surprising, and not at all difficult, to find the online services offering bogus medical documentation.

Within minutes we were being asked what ailment we preferred, and from which hospital we would like the diagnosis to be provided.

An hour or so later and our very authentic-looking sick-note was delivered by a man on a moped. Fee charged, roughly $16 (£9).

But is demand for these services really, as the Global Times suggests, soaring as a result of the World Cup?

Our dealer denied it, but we did find another one who suggested that business of late was unusually brisk.

There’s a chance though that it might not be down to devious football fans at all, but rather an upsurge of journalists, like me, trying to prove just how easy sick notes are to obtain.

Following a quick scan of the foreign media I’m saddened to report that the Telegraph’s man in Shanghai has gone down with a respiratory tract infection, the reporter for US National Public Radio has a bad bout of gastroenteritis (beginning this coming Sunday) and someone in NBC News‘s China office has been diagnosed with chronic appendicitis.

May they all get well soon.

via BBC News – China’s literal take on World Cup fever.

06/06/2014

Telemedicine in India might be just what the doctor ordered | India Insight

Between surgeries and hospital rounds one recent day, Dr. Rajiv Parakh made a dash into his Gurgaon office for an appointment he couldn’t miss: a consultation with a patient who lives hundreds of kilometres away.

Seated before his laptop in this city on the outskirts of India’s capital, the surgeon listened as a patient in Bangladesh’s capital Dhaka described his swollen legs. For the next 20 minutes, Parakh examined the patient via Web camera, made a diagnosis and prescribed treatment.

The bespectacled Parakh, a practising doctor for nearly 30 years, spoke in Hindi during the session, enunciating his words for clarity.

Medanta, the multi-specialty hospital where he works, started its free telemedicine service about a year ago as an outreach service for patients who cannot visit the hospital.

“In-person consultation is obviously the gold standard,” Parakh told India Insight. “But if we have a doctor at the patient’s end, especially somebody who he trusts and who he knows, we can be reasonably comfortable about prescribing treatment.”

Medanta is one of several e-health providers that say they want to change how healthcare is delivered in India, and address the industry’s two biggest problems: accessibility and lack of manpower.

India has 0.7 physicians per 1,000 people — BRIC peers Russia (5), Brazil (1.5) and China (1.5) have better ratios — and most Indians travel about 20 kilometres to reach a hospital, according to a 2012 report by accounting firm PricewaterhouseCoopers (PwC).

via Telemedicine in India might be just what the doctor ordered | India Insight.

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29/04/2014

China vs. the U.S.: It’s Just as Cheap to Make Goods in the U.S.A. – Businessweek

An entire generation of Americans has come of age laboring under the assumption that the U.S. can’t compete in the manufacturing arena with low-cost competitors such as China and Brazil. That may have been true a decade ago, but it’s no longer true today.

An employee of Rebecca Minkoff handbags at the Baikal manufacturing facility in New York.

I recently completed a review of manufacturing costs in the top 25 export economies with my colleagues Justin Rose and Michael Zinser. Our research shows that when the most important economic factors are considered—total labor costs, energy expenses, productivity growth, and currency exchange rates—Brazil is one of the highest-cost manufacturing nations in the world, Mexico is cheaper than China, China is virtually even with the U.S. (as are most of the traditionally “low-cost” countries of eastern Europe), and the low-cost leader in western Europe is none other than the country that launched the Industrial Revolution: the United Kingdom.

So throw away the old playbook. Welcome to the new era.

via China vs. the U.S.: It’s Just as Cheap to Make Goods in the U.S.A. – Businessweek.

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12/03/2014

Decoupling Happened: U.S. Stocks Soared, China’s Shrugged – Businessweek

The idea that emerging markets could keep growing smartly despite the collapse of the U.S. was something romanced quite a bit in recent years. Decoupling, as it’s called, was at least numerically possible. After all, China, Brazil, India, and Russia—the planet’s four biggest emerging economies, which chipped in two-fifths of global economic growth in the year leading up to Wall Street’s 2008 collapse—stood out as the least dependent on exports to America. Upwards of 95 percent of China’s double-digit growth was attributable to domestic demand.

Turns out a decoupling did transpire in the five years since peak meltdown—only it’s the U.S. market that seems to be doing fine while China founders. It’s a divergence of fortunes few would have predicted.

The benchmark Standard & Poor’s 500-stock index has produced a total return of 207 percent to touch a record high in the five years since the market set a low unseen since the 1990s. Citigroup is clocking U.S. shares at “euphoric” territory. By comparison, the MSCI Emerging Markets Index has returned 125 percent.

via Decoupling Happened: U.S. Stocks Soared, China’s Shrugged – Businessweek.

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13/02/2014

* India Approves Paying $54-a-Ton Subsidy for Raw Sugar Exports – Businessweek

India, the world’s biggest sugar producer after Brazil, will introduce a subsidy on raw sweetener exports to boost shipments amid a domestic glut, a government official said.

The cabinet approved a 3,333 rupees ($54) a metric ton subsidy for exports in February and March and will review the amount in April, the official, who asked not to be named because the person isn’t authorized to speak to the media, said in New Delhi yesterday after the cabinet meeting. That’s 67 percent more than the 2,000 rupees previously proposed by the Food Ministry. India will subsidize as much as 4 million tons in the next two years, the official said.

Bajaj Hindusthan Ltd., Balrampur Chini Mills Ltd. (BRCM) and other mills are counting on government support to increase shipments and trim record losses as cane costs climb and prices drop. The subsidy will help spur exports from India and help the country compete with supplies from Thailand, Michael McDougall, a senior vice president at Newedge Group in New York, said by phone yesterday. Refineries including Dubai-based Al Khaleej Sugar Co. will benefit from Indian supplies, he said.

via India Approves Paying $54-a-Ton Subsidy for Raw Sugar Exports – Businessweek.

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08/02/2014

India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek

India forecast a faster acceleration in economic growth than analysts had estimated, a prediction facing risks from interest-rate increases to quell inflation and expenditure curbs by the government.

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday. The median of 24 estimates in a Bloomberg News survey had been 4.7 percent. The projection may be revised upward later and the final growth rate is unlikely to be less than 5 percent, Finance Minister Palaniappan Chidambaram said in a statement e-mailed today.

India last month joined nations from Brazil to Turkey in raising interest rates, striving to stem the fastest inflation in Asia and shield the rupee from a reduction in U.S. monetary stimulus that’s hurt emerging-market assets. Opinion polls signaling that the general election due by May could lead to an unstable coalition government are adding to risks.

via India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek.

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25/01/2014

India Said to Consider $32 a Ton Subsidy for Raw Sugar Exports – Businessweek

India, the world’s biggest sugar producer after Brazil, will consider a subsidy on raw sweetener exports to ease a domestic glut, two government officials said.

The government will consider 2,000 rupees ($32) a metric ton subsidy for shipments, said the officials, who asked not to be identified because they aren’t authorized to speak to the media. The government may also consider ways to reduce imports in the next cabinet meeting, they said.

N.C. Joshi, spokesman for the food ministry, declined to comment on the matter.

via India Said to Consider $32 a Ton Subsidy for Raw Sugar Exports – Businessweek.

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11/05/2013

* Should China Try to Feed Itself?

BusinessWeek: “For China’s leaders, there was one problem in an otherwise benign inflation report for April. First, the good news: The consumer price index rose 2.4 percent, about in line with economists’ expectations. While inflation accelerated from 2.1 percent in March, the April figure is still well below the government’s target of 3.5 percent for the year.

An aerial view of the fish farms in the countryside next to Hefei, in central China's Anhui province

So what’s the catch? Food prices. With vegetables getting more expensive, the cost of eating jumped 4 percent last month, compared with an increase of 2.7 percent in March. The rising cost of food could create more difficulties in the coming months, the People’s Bank of China warned yesterday.

The Chinese government is well aware of the political sensitivity of food, which is one reason the country is sticking to a policy that promotes self-sufficiency. The country’s farmers met about 98 percent of China’s demand for grain last year, Vice Minister of Agriculture Chen Xiaohua said at a news conference in March.

If the country wants to ensure lower prices, though, China should rethink that self-sufficiency policy, argues Paul Conway, the vice chairman of Cargill. “As they become richer and more urbanized, they will have to become less self-sufficient in grain,” he says. The Minnesota-based agribusiness giant is a major player in exporting wheat, corn, and soybeans from the U.S. and other countries in the Western Hemisphere to Asia, so he certainly has a good business reason for wanting China to buy more food from abroad.

But, Conway says, China and other Asian countries with huge populations, such as India and Indonesia, stand to benefit from reducing their reliance on local farmers. “There is still a tendency in some parts of Asia to food security through food self-sufficiency,” he says from Singapore, where he gave a speech on May 8 about food security. Giving up on that idea and instead importing food from low-cost producers in the U.S., Canada, Brazil, and Argentina would be “the best guarantee of Asian food security,” he says. “For grains and oilseeds, Asia’s self-interest is to have access to the surpluses from the Western Hemisphere.”

In order to bolster its food security, China also should be investing in agricultural infrastructure in other countries, Conway says. Just as Chinese investors are helping to fund transportation projects in African countries that supply minerals to China’s factories, the country should also be putting money into projects that could make it easier for farmers in places like Brazil to get their crops to seaports. That, he argues, makes more sense than just buying farms overseas. “From a food security standpoint, the fact that you own land in another country doesn’t guarantee you anything. Borders can always be closed. If China wants to improve the flow of grains, instead of investing in land, invest in infrastructure.””

via Should China Try to Feed Itself? – Businessweek.

05/04/2013

* Chinese overtake Germans as biggest spending tourists

China Daily: “Chinese tourists have overtaken Germans as the world’s biggest-spending travellers after a decade of robust growth in the number of Chinese holidaying abroad, the United Nations World Tourism Organisation (UNWTO) said on Thursday.

Chinese tourists, known for travelling in organised tours and snapping up luxury fashion abroad, spent $102 billion on foreign trips last year, outstripping deep-pocketed travellers from Germany and the United States.

Chinese tourists spent 41 percent more on foreign travel in 2012 than the year before, beating the close to $84 billion both German and U.S. travellers parted with last year.

Tourists from other fast-growing economies with swelling middle classes, like Russia and Brazil, also increased spending in 2012. In recession-hit Europe, however, French and Italian tourists reined in their holiday budgets.

“The impressive growth of tourism expenditure from China and Russia reflects the entry into the tourism market of a growing middle class from these countries,” said UNWTO Secretary-General Taleb Rifai.”

via Chinese overtake Germans as biggest spending tourists |Economy |chinadaily.com.cn.

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