Lula Says Brazil ‘Open for Business’ at Chinese Factory Opening

Brazil’s socialist president, Luiz Inacio Lula da Silva, declared Brazil is “open for business” at the opening ceremony for a Chinese automobile plant in Sao Paulo on Friday.

“Count on the Brazilian government. Whoever wants to leave, leave. Whoever wants to come, we welcome you with open arms,” Lula said.

Lula seemed to be alluding to automakers Ford and Mercedes choosing to reduce their operations in Brazil over the past few years. Mercedes shuttered its modest factory in Sao Paulo in 2020, ostensibly due to reduced demand because of the coronavirus pandemic.

Ford pulled out of northeastern Brazil the following year, dealing a much larger…

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