China Touts Its Importance In Brazil

August 19, 2014

Kenneth Rapoza – Forbes, 8/18/2014

Chinese diplomats in São Paulo reminded the locals just how important that country is to Brazil.  And doesn’t Brazil know it.

Four years ago, China became Brazil’s leading trading partner, surpassing the U.S..  So far this year, Brazilian companies, led by commodities exporters, shipped $28 billion worth of goods to China compared to $20 billion to the U.S.

The two BRIC economies “should further advance current ties to make the partnership a model for interaction between developing countries,” Chinese Consul General Chen Xi reportedly said in São Paulo on Aug. 11 during an event to celebrate the 40th anniversary diplomatic ties between China and Brazil. The ceremony was co-hosted by the City Council of Sao Paulo and the Brazil-China Friendship Association. It was attended by about 200 that included entrepreneurs and Chinese and Brazilian officials, the China Daily reported from Brazil’s biggest city.

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China, Brazil look to redirect climate talks

August 11, 2014

Natalie Obiko Pearson – Business Report, 8/11/2014

China and Brazil are looking for ways to redirect the global climate debate, which they say unfairly accuses developing nations of delaying limits on fossil-fuel pollution.

China wants to blitz attendees at UN-led climate talks with pamphlets touting the clean energy gains made by the world’s largest emitter of carbon dioxide. Brazil wants more recognition for slowing destruction of the planet’s biggest rainforest.

“We must work on how we sell ourselves better, how we sell our positions to the world,” Francisco Gaetani, Brazil’s Deputy Environment Minister, said in Delhi on Friday with counterparts from China, India and South Africa.

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China sells trains to Rio de Janeiro, Brazil

August 6, 2014

Macau Hub, 8/6/2014

The third shipment of trains acquired in China by the government of Brazil’s Rio de Janeiro state arrived in the city’s port on Sunday and after testing should begin operating next week, Agência Brasil reports.

The trains were obtained from the state-owned China CNR Corporation Limited and comprise four trains with four carriages each. Each train can carry 1,200 passengers.

The new trains are equipped with air conditioning, an automatic derail detection system and LCD screens in carriages, as well as internal and external TV cameras enabling the driver to see platforms and carriage interiors.

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Japan Inc. Seeks to Recover Influence in Brazil

August 5, 2014

Juan Pablo Spinetto – Bloomberg, 8/4/2014

In the 1950s, Japan helped Brazil establish industries such as steelmaking and initiated key purchases of Brazilian iron ore. Now the Asian nation is seeking to regain influence in Latin America’s largest economy, where China is the No. 1 trading partner.

Japan has signed deals from energy to food and health care during Prime Minister Shinzo Abe’s visit to the country, the first by a Japanese leader in a decade. Abe wants to strengthen ties with Brazil, where about 1.6 million people of Japanese descent live, as he urges his country’s companies to seek more business outside their domestic market.

Top representatives from Toyota Motor Corp., Nippon Steel & Sumitomo Metal Corp. and Sumitomo Mitsui Financial Group Inc. were among the business people accompanying Abe in Brasilia and Sao Paulo, the last destinations of a nine-day tour through Latin American and the Caribbean. Brazil is important for Japan because it has industries such as infrastructure and is a safe jurisdiction, said Yutaka Kase, the chairman of Tokyo-based commodity supplier Sojitz Corp.

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Brazil Post signs up to alliance with e-commerce giant Alibaba

July 21, 2014

Post & Parcel, 7/21/2014

Chinese e-commerce giant Alibaba Group has signed a memorandum of understanding with Brazil Post designed to promote trade between China and Brazil.

The agreement was signed on Thursday in the presence of Brazil’s President, Dilma Rousseff, and the Chinese premier Xi Jinping.

Brazil Post said the partnership with Alibaba Group should allow Brazil’s retailers — particularly micro, small and medium-sized enterprises — with access to the Chinese market through Alibaba’s various retail platforms.

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China, Brazil close plane, finance, infrastructure deals

July 18, 2014

Anthony Boadle and Alonso Soto – Reuters, 7/17/2014

China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.

In a raft of energy, finance and industry accords signed before presidents Xi Jinping and Dilma Rousseff, the two nations agreed to join forces to build railways to help Brazil cut its infrastructure deficit and feed China’s appetite for commodities.

Trade between China and Brazil soared to $83.3 billion last year from $3.2 billion in 2002, with iron ore, soy and oil making up the bulk of Brazilian exports, making China the South American nation’s biggest trade partner.

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China web giant Baidu launches search engine in Brazil

July 18, 2014

Paul Bischoff – South China Morning Post, 7/18/2014

Baidu announced today that it has officially launched its search engine in its biggest market yet outside of China, Brazil.

The Portuguese-language version of Baidu, dubbed ‘Baidu Busca’, currently covers web, images, and video searches. It has also incorporated a localised version of its Postbar (“Tieba” in Chinese) trending forum feature.

Baidu founder and CEO Robin Li was in Brasilia Thursday to announce the launch, which happened to coincide with Chinese President Xi Jinping’s meeting with Brazilian President Dilma Rousseff.

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China Focus: China, Brazil: friends beyond football

July 15, 2014

Shanghai Daily, 7/15/2014

During the World Cup, employees of the Brazil plant of Chinese car maker Chery were given time off for every match of the Brazilian team.

The games became a “happy-hour”; a time for Chinese and Brazilian employees to socialize together.

Chery has been operating in Brazil since 2009, a recent chapter in cooperation stretching back to the early 19th century, when Chinese tea growers took their skills to Brazil.

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China Looking to Play Larger Role in Funding Brazil’s Infrastructure

July 14, 2014

Paulo Trevisani and Rogerio Jelmayer – The Wall Street Journal, 7/13/2014

When China’s President Xi Jinping travels through Brazil this week, he will see airports and other projects financed mainly by the Brazilian government.

But, with Brazil’s economy slowing and government accounts strained, China is looking to play a larger role in funding critical infrastructure to help move South America’s largest country forward.

In Brazil for Monday’s start of a meeting of the so-called BRICS nations in Fortaleza, Chinese officials are expected to announce investments in Brazil’s transportation, energy and food sectors in coming days.

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Modi to head to Brazil for BRICS summit after budget

July 7, 2014

Suhasini Haidar – The Hindu, 7/7/2014

Within days of presenting his first budget, Prime Minister Narendra Modi and Finance Minister Arun Jaitley will head for their first big international visit for the BRICS summit in Brazil, with development and the BRICS bank at the top of the agenda.

Mr. Modi will be meeting more than 10 heads of state during the visit from July 13-16, including leaders of the BRICS countries: Russian President Putin, Chinese President Xi Jinping, South African President Jacob Zuma as well as host Brasilian President Dilma Rousseff in Fortaleza for the summit starting July 15.

Focus on meet with Putin, Xi

The BRICS summit will be followed by a trip to Brasilia, where President Rousseff has invited leaders of South America: Argentina, Bolivia, Ecuador, Paraguay, Uruguay, Venezuala and Surinam to meet with them as well. It is unclear how many bilateral meetings Mr. Modi will have, but the focus will be on his meetings with President Xi and President Putin. President Xi is also expected to visit India in September with a host of bilateral announcements and infrastructural deals on the cards.

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