Can China-Brazil trade keep up its promising momentum

August 25, 2014

Zhang Fan – China Daily, 8/25/2014

The world is facing overwhelming change and the rise of China is among the key factors, said Marcos Troyjo, a Brazilian economist and co-director of the BRICLab at Columbia University, at a conference hosted by Brazilian law firm Demarest in Sao Paulo on Aug 19.

Troyjo said China has entered a new stage, what he calls “China 2.0″. Compared with the 30 years following the county’s Reform and Opening-up policies of 1978, China can now no longer rely on governmental investment and foreign trade to simulate its economic development.

China 2.0 needs to alter its economic development, reduce overproduction and enlarge its importation, said Troyjo, which could mean great opportunities for Brazilian industries.

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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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