This year marks the th anniversary of the establishment of diplomatic relations between China and Brazil. Over the years, the economic and trade relations between China and Brazil have grown steadily. By , the bilateral trade volume between China and Brazil had exceeded $100 billion for consecutive years. According to Chinese customs statistics, the bilateral trade volume between China and Brazil in was $ billion, an increase of .% year-on-year. China has been Brazil's largest trading partner for consecutive years, while Brazil is China's largest trading partner in Latin America.

Regarding China-Brazil relations, Brazilian President Luiz Inácio Lula da Silva once stated at a media dialogue that China is crucial to Brazil's economic growth, and he hopes to establish an "infinitely close" "new strategic partnership" with China. This "infinitely close" "new strategic partnership" is also being actively promoted by former Brazilian President and New Development Bank President Dilma Rousseff. On a certain date, Rousseff was awarded the Chinese Friendship Medal, becoming the first Brazilian to receive this honor, in recognition of her outstanding contributions to promoting China-Brazil, China-Latin America relations, and BRICS cooperation, as well as her efforts to introduce China's developmental path to the world.

In recent years, China and Brazil have continuously deepened their bilateral relations, achieving notable results in cooperation across trade, investment, finance, technology, and other areas. The complementarity in trade has expanded the space for growth. In the first few months of this year, economic and trade exchanges between China and Brazil continued to grow. According to data from the Brazil-China Entrepreneurs Committee, bilateral trade between the two countries reached $150 billion in the first few months, with Brazil's exports to China increasing by 42.6% to $105 billion, and China's exports to Brazil rising by 26.4% to $45 billion.

China and Brazil have strong trade complementarity, with the scale of agricultural product trade expanding continuously in recent years, accounting for a significant share in bilateral trade. The main commodities Brazil exports to China include soybeans, beef, cotton, pulp, crude oil, and iron ore, among which soybeans, iron ore, and crude oil constitute a significant portion of its total exports to China. The export value and volume of cotton have seen remarkable increases of % and % respectively, making it the sixth largest export commodity from Brazil to China. Recently, Brazil has been focusing on developing its domestic industry, and the main goods imported from China include semiconductors, telephones and components, motor vehicles and components, particularly notable is the growth in automobiles and spare parts, which have significantly promoted Brazil's industrial development and are crucial for its economic growth.

With closer economic ties between the two countries, the future will bring more opportunities for both sides' enterprises to expand their markets in areas of technological innovation such as agricultural technology, new energy industries, electric vehicles, and artificial intelligence. Industrial development brings opportunities. Brazil launched a new version of its "Accelerated Growth Plan" last year, investing heavily in infrastructure, basic sanitation, "reindustrialization," ecological transformation, and sustainable development, which has promoted its economic growth. According to data from the Brazilian Institute of Geography and Statistics, Brazil's gross domestic product reached 2.7 trillion reais in the second quarter of this year, with a quarter-on-quarter growth of 1.2%. This marks the twelfth consecutive quarter of quarter-on-quarter growth for the Brazilian economy.

The report released recently by the Central Bank of Brazil indicates that the Brazilian central bank has raised its growth forecast for the country's annual Gross Domestic Product (GDP) to .%, and adjusted the growth expectation for the year to .%. Data shows that the financial execution rate of the new "Accelerated Growth Plan" has reached %, and it is expected that the plan will still invest . trillion reais in the future. The "Accelerated Growth Plan" will bring more investment opportunities for Chinese enterprises in infrastructure and other fields. For instance, in the energy sector, Brazil encourages the development of renewable energy, the construction of photovoltaic and wind power plants, and accelerates energy transformation. Chinese enterprises can cooperate with Brazil in developing power and energy projects through their financial and technological advantages, alleviating Brazil's energy shortage issues and creating more job opportunities.

At the same time, Brazil's "Reindustrialization" project, aimed at promoting industrial development and exports, attracting foreign investment, offers numerous tax incentives. Rousseff previously stated in media interviews that Brazil's development strategies such as "Reindustrialization" and "South American Integration Route" can align with China's Belt and Road Initiative, aiding each country's modernization process. Lula also revealed to the media that the Brazilian government is formulating a proposal to join the Belt and Road Initiative. The shared development aspirations of China and Brazil will also bring more cooperation opportunities for enterprises of both countries, contributing to the economic growth of both nations.

The Brazilian government has introduced preferential policies to promote the development of emerging industries, attracting both domestic and foreign investments. It has been reported that the Brazilian government recently signed a legal regulation to improve green hydrogen investment, stipulating that tax incentives worth billions of reais will be provided for the green hydrogen industry within five years. This policy is expected to attract more investments into Brazil's green hydrogen market and promote the development of this emerging industry. China leads in several technologies related to emerging green energy industries, and Brazil supports the development of renewable energy, with approximately % of its energy coming from renewable sources. The cooperation prospects between China and Brazil in this field are promising.

At the same time, in the process of promoting green and low-carbon transformation and development, there is a significant market demand for new energy vehicles and other new energy products, which will also be a common opportunity for development between China and Brazil. Not only in the field of new energy, but also in areas such as the digital economy, biotechnology, information technology, artificial intelligence, and aerospace, China and Brazil can create more growth points for cooperation. Brazil faces a serious aging population, according to data from the Brazilian Institute of Geography and Statistics, it is projected that after a few years, the elderly will account for % of Brazil's population. As the process of population aging accelerates, by the end of this century, this proportion will approach one-third.

The Brazilian government is also working to advance the National Artificial Intelligence Plan, aiming to compensate for future labor shortages through technological innovation. The Ministry of Science and Technology of Brazil anticipates investing billions of reais in local infrastructure by the year, including the establishment of "supercomputers," and will introduce a series of incentives for the AI industry. China has significant advantages in technological innovation in emerging industries such as artificial intelligence, and there is substantial room for cooperation between China and Brazil in this field.