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3/26/23

Brazil and China relations: Brazil tightens relations with China

Chinese leader Xi Jinping was to host hosting Brazil's president, Luiz Inacio Lula da Silva, in Beijing this weekend, seeking to deepen ties with another diplomatic ally following his three-day visit to Russia that took place earlier this week.

The visit was postponed on Saturday as the Brazilian leader was admitted to hospital with pneumonia.

Had it gone ahead, the state visit would have come at a time when China is trying  to present itself as an important global power that can rival the US.

China's trade relationship with Brazil was set to take center stage, as Lula was to bring a delegation of 240 business representatives with him to Beijing. Trade flow between China and Brazil currently amounts to $150 billion (€140 billion) annually, and Brazilian exports to China reached $89 billion in 2022.

China now invests in a wide range of sectors in Brazil, and experts say Beijing wants to tap into the South American country's rich resources and market size.


Read more at: https://www.dw.com

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