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Relationship between countries in the economy was shaken by Covid-19, but now shows signs of strengthening
The Covid-19 pandemic was a worldwide chaos and exposed several countries to the need for an abrupt closure, the famous “lockdown”. However, China experienced this even more intensely, which took away its good economic relationship with Brazil. Thus, we had some impasses regarding the export and commodity trading.
However, after a slight reduction in cases of Covid-19 and after the recent inauguration of President Luis Inácio Lula da Silva, the Prime Minister of China, Xi Jinping, gave a positive nod to diplomacy. Therefore, we can expect a rapprochement between the two countries, especially for the strengthening of sustainability and energy transition. To find out more, read on!
Understand a little more about the economic relations between China and Brazil with the video below
With the inauguration of the new president, specialists point out that it can increase the confidence of the Chinese government in the economy
Some economists and specialists from the main universities in the country point out that the government left by Bolsonaro caused a certain fear in Chinese investors. However, with the inauguration of the new president, experts point out that this scenario may change to greater confidence and desire for investment.
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Firstly, what is foreseen is an increase in cooperation in the technological aspect and even a transfer of technology from China. All this, thinking about improving relations in the economy and also promoting activities that are in line with sustainability and energy transition.
In China, Xi Jinping is also assuming his third term, unprecedented in the country
It is not only in Brazil that a third term historical fact is taking place. After all, Chinese President Xi Jinping is also assuming the country's most important chair for the third time. In addition, both presidents are considered popular leaders and focused on social causes.
Furthermore, the presidents converge towards strengthening the economy and foreign policy. In this way, both seek greater positioning in business at the global level and greater investments in their countries.
China's new environmental goals may demand more from Brazilian exporters in favor of sustainability
China is eagerly seeking a commitment to reduce its carbon emissions in the coming years and, to that end, is imposing conditions on exporting countries. In this sense, Brazilian agriculture will be greatly affected by these new requirements.
After all, the great power will be able to request that agribusiness products have been produced and cultivated using renewable energies. In addition, the Chinese have had a preference for domestic production, modernization of agriculture and diversification of tech. Therefore, this can directly affect how we export our products.
The Asian country also has major long-term goals for energy transition and the guarantee of food supply for the entire population. Therefore, the ties in the economy will be reorganized, since there was a drop in the export of some products such as iron ore.
China also seeks technological self-sufficiency, which encourages energy transition and sustainability
Finally, all that has been said is directly related to China's greater objective, which is to obtain technological self-sufficiency. In this way, the country will invest more and more in technology and exchange it with Brazil for agricultural primary products. The name of this process is technology transfer and it benefits both countries.
However, it is projected that the coming years will be favorable to energy transition, sustainability and the use of renewable energies. Furthermore, the economic relationship between the two countries is only beneficial and will raise Brazil's name on the international stage.
