China-Brazil entering a new stage of bilateral relations

Brazil and the People’s Republic of China are entering a new stage of bilateral relations – Brazilian President Jair Bolsonaro accepted an invitation to visit China in the second semester of 2019.

This has come as a shock as the election of the right-wing president was predicted as an end of China-Brazil trade relations. During his election campaign, Bolsonaro said that “China isn’t buying in Brazil” however “China is buying Brazil”.

Talking to the press the Brazil President said that his country wants to open up the whole world, develop trade, open border.

China is Brazil’s main trading partner and represented 27.8 percent of its exports in 2018.

Chinese President Xi Jinping will also be visiting Brazil, during the 11th BRICS (Brazil, Russia, India, China and South Africa) summit. Brazil assumed the presidency of the bloc of the fastest growing economies.

READ MORE: Brazil to host next BRICS Summit in 2019

 

By: Kgothatso Nkanyane

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