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China becomes the 'economic engine of the planet', leaving the West apprehensive and dependent on its technologies

Written by Deborah Araújo
Published 12/07/2024 às 09:18
China becomes the 'economic engine of the planet', leaving the West apprehensive and dependent on its technologies
Photo: Canva

How China became the world's economic engine and strengthened its trade relations with Brazil over 50 years.

In recent years, China has stood out as one of the most important economic drivers of the world. With impressive growth and an unparalleled capacity for innovation, the Asian country has shaped the global economy in ways that many of us are still trying to understand. In this article, we will explore how China has become a key economic engine and the impact of this on the global economy.

Understand the partnership between China and Brazil

China has become a true powerhouse in the global economy, preserving its ancient traditions while advancing technologically. O Asian country maintains a half-century relationship with Brazil, especially in the commercial sector, and this partnership has been vital for both nations.

Since diplomatic relations began in 1974, Chinese per capita income has grown impressively. Today the Brazil exports iron ore, oil and soybeans to China and imports machines and raw materials. With 30% of Brazilian exports and 37% of agricultural exports destined for China, it is clear that this Asian country is Brazil's main trading partner.

A Sino-Brazilian relations began to gain strength in 1974, when the first diplomatic relations were established. At that time, China's per capita income was just over $300. Currently, this number exceeds 12 thousand dollars, a 35 times growth. This economic advance reflects China's importance on the global stage and its role as a global economic engine.

Brazil-China trade

Trade between Brazil and China is robust and vital for both nations. Brazil is the largest exporter of agricultural products to China, selling iron ore, oil and soybeans. On the other hand, Brazil buys machinery, equipment and raw materials from China. The Asian power is Brazil's largest trading partner, representing 30% of Brazilian exports and 37% of exports of the agricultural sector.

Accelerated Chinese economic growth

Since the 80s, the country's economy has grown at an impressive rate of 10% per year. This growth placed the country as the second largest economy in the world, just behind the United States.

China is a particular case, with a 5-year-old culture that has managed to combine tradition and modernization. The country is considered the “factory of the world” and its accelerated economic growth is a phenomenon worth studying closely.

Despite rapid modernization, China preserves its ancient traditions. The warm welcome to visitors and the maintenance of Taoist temples are examples of this combination of ancient and modern. This balance between tradition and innovation makes China a fascinating and unique country on the global stage.

The importance of Sino-Brazilian relations

Relations between China and Brazil are extremely important for both countries. O Brazil is the main supplier of agricultural products for China, and this collaboration has been beneficial and continues to grow. With the advancement of the Chinese economy, cooperation between the two countries promises to be even more prosperous, bringing mutual benefits.

China, as a global economic engine, has a considerable impact on the world economy. Its rapid growth, combined with robust investments in research, development and technological innovation, positions the country as a leader in several areas, including artificial intelligence and green technology. The Chinese government, with its five-year plans, has allowed the rapid adoption of new technologies, consolidating China's position on the global stage.

Environmental challenges and sustainability

Despite its impressive growth, the China faces challenges in terms of sustainability environmental. Rapid industrial development has brought environmental problems that the Chinese government is trying to solve through stricter environmental protection policies and investment in renewable energy. These efforts seek to balance economic growth with sustainability, ensuring a greener future.

China's international cooperation goes beyond trade, including investments in infrastructure and partnerships in energy projects. These collaborations not only strengthen China's domestic economy, but also positively influence other countries, including Brazil. China positions itself as an important player on the global stage, promoting balanced and sustainable economic growth.

A promising future for China and Brazil

China, as a global economic engine, continues to influence the world economy with its accelerated growth and technological innovation. Sino-Brazilian relations are an example of how international cooperation can bring mutual benefits, promoting a more prosperous future for both countries. As China moves forward, preserving its traditions and modernizing, the world is watching and learning from its rapid and vast transformations.

In 2024, Brazil and China celebrate 50 years of friendship and cooperation, a partnership that promises to continue bringing positive impacts to millions of people. With China leading the way as a global economic engine, the future is bright for this crucial bilateral relationship.

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Deborah Araújo

I write about renewable energy, automobiles, science and technology, industry and the main trends in the job market. With a close eye on global developments and daily updates, I am dedicated to always sharing relevant information.

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