A stable Chinese economy injects much-needed confidence into global markets and supports overall prosperity
The professor said China's evolving consumption patterns and rapid green transition are creating new opportunities for Brazilian industries such as food processing, renewable energy and digital services.
"Some high-quality, uniquely Brazilian products, such as specialty coffee, native fruits and regional food products, are gradually gaining a foothold in the Chinese market," he noted.
Trade with China helps Brazil maintain balance of payments stability and sustain a high level of international reserves, Pires said, adding that Brazil was relatively unaffected by the 2008 global financial crisis largely because of the strength of its trade with China.
On the future direction of bilateral cooperation, Pires believes Brazil should actively work with China to better integrate into global industrial chains and to advance joint projects in clean energy, electric mobility and lithium battery industries. He also called for accelerating mechanisms such as local currency settlement and digital connectivity.
Pires emphasized that China's economic ties with Brazil and the Global South are growing increasingly close. "A stable Chinese economy injects much-needed confidence into global markets and supports overall prosperity," he said.