September 26, 2014
Kenneth Rapoza – Forbes, 9/25/2014
The unemployment rate in Rio de Janeiro state, home to 16.5 million people, is just 3%. It’s never been so low. It’s almost as if Brazil has developed some sort of China-style full-employment policy. On a national level, unemployment is just 5%. By comparison, China’s official unemployment rate is a little over 4%.
When it comes to unemployment statistics, Brazil has become China.
Brazil’s economy is slowing. It entered into a technical recession in the second quarter, defined by back-to-back quarters of economic contraction. China’s economy is slowing, with Barclays Capital economist Jian Chang in Hong Kong expecting Beijing to lower its official GDP target to 7% instead of 7.5%. Yet, miraculously, unemployment is just 4.1%, unchanged year over year.
September 22, 2014
Jessica Brice, Ney Hayashi and David Biller – Bloomberg, 9/21/2014
In 2004, Brazil’s then-President Luiz Inacio Lula da Silva and 400 executives went on a six-day trip to China. The mission was simple: Encourage companies to strengthen ties with the Asian nation to bolster growth at home.
A decade later, ties between Brazil and China have never been stronger. Growth at home is stagnant.
Lula’s decision to court China and at the same time spurn some U.S. efforts to bolster trade has led to a dependence on the commodity-hungry nation and deepened a drop in manufacturing. In May 2004, the month Lula visited China in what he called his government’s “greatest trip,” manufactured goods made up more than half Brazil’s exports and commodities less than a third. Last month, industrialized goods had plunged to 37 percent and raw materials made up almost half.
September 9, 2014
Ji Ye (Xinhua) – English.people.cn, 09/09/2014
Brazil needs to develop a strategic vision in order to cooperate with China in a new era, said Marcos Troyjo, a Brazilian economist and co-director of the BRICLab at Columbia University, in a recent exclusive interview with Xinhua.
According to Troyjo, the way China’s economy progressed over past 30 years following thecountry’s reform and opening-up policies is called “China 1.0.”
During that period of time, China took advantage of public-private partnership, cheap workforce and a favorable approach to foreign capital to become the largest manufacturing park in the world. According to Troyjo, China has now entered a new stage, which he calls “China 2.0,” and itshould no longer rely on governmental investment and foreign trade to simulate its economic development.
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.
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.
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.
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.