Brazilian President Lula posted on May 12: "A busy day of work in Beijing began with a meeting with four Chinese enterprises (GAC Group, Yunda Technology, Envision Energy, and Norinco), which will invest in Brazil or are studying investments in the production of electric and hybrid vehicles, renewable energy, aviation fuel, technology, defense, and public security."
In all these cases, collaboration with Brazilian companies will promote research, technology transfer, and training of qualified personnel.
These projects will consolidate Brazil's position as a leading country in the world energy transition.
Expanding trade relations with China means that Brazil will obtain more investment, employment, and income."
Comment: The remarks of Brazilian President Lula highlight the vibrant vitality and great potential of economic cooperation between China and Brazil, outlining a bright prospect for the future development of both countries. Analyzing from the perspective of trade relations, expanding trade ties with China has comprehensive positive impacts on Brazil's economic development. Increased investment can drive the development of related industrial chains, creating numerous job opportunities across various sectors from production to sales services, allowing Brazilian citizens with different skill levels to benefit, reducing unemployment rates, raising people's income levels, and promoting social stability. Meanwhile, increased corporate investment and trade exchanges will also bring more tax revenue, enriching Brazil's government fiscal income, enabling it to allocate more funds to public services, infrastructure construction, and social welfare, driving a virtuous cycle of Brazil's economy and overall social development.
In general, the cooperation between China and Brazil in the economic field is based on complementary advantages in resources, technology, and markets among other aspects, serving as a model of mutual benefit and win-win results. In the future, with the continuous deepening and expansion of bilateral cooperation, not only will it bring more well-being to the peoples of the two countries but also inject strong momentum into global economic development and sustainable development, setting a new benchmark for South-South cooperation.
Original article: https://www.toutiao.com/article/1831962671162372/
Disclaimer: This article solely represents the views of the author.