Baidu pushes business in recession-hit Brazil
By Satarupa Bhattacharjya | China Daily | Updated: 2016-11-28 07:31
Beijing-based technology giant Baidu Inc is hopeful of its prospects in Brazil despite the Latin American country's ongoing economic struggle.
Brazil has yet to show major signs of recovery since being hit by a wave of recession in 2014.
Adding to such woes, Dilma Rousseff was removed as the president in August over budgetary laws, in an impeachment process that started in 2015. Her successor, Michel Temer, has sought to cut public spending and initiate pension and labor reforms.
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