China To Invest 4.7 Billion in Brazilian Technology Sectors: Lula da Silva
Brazilian President Lula da Silva (C), May 12, 2025. X/ @LulaOficial
May 12, 2025 Hour: 2:12 pm
The Brazilian president acknowledged that commodity trade remains a cornerstone of his country’s economy.
On Monday, Brazilian President Lula da Silva arrived in Beijing to attend the Fourth Ministerial Forum between China and the Community of Latin American and Caribbean States (CELAC).
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Following meetings with senior officials, Lula announced that China will invest US$4.7 billion in Brazilian technology sectors. The investment package includes US$1 billion in sustainable aviation fuels through the Envision Group. A partnership between China’s Windey Technology and Brazil’s SENAI CIMATEC will also lead to the creation of a research and development center focused on renewable energy.
Lula emphasized that “there are no miracles” and said Brazil must continue exporting raw materials to fund necessary advancements in science and education. While stressing the importance of diversifying Brazil’s export portfolio, he acknowledged that commodity trade remains a cornerstone of his country’s economy.
In the short term, Brazilian exports of agricultural and mineral products to China are expected to grow, as Brazil positions itself as a key player in the global energy transition. To that end, Lula participated in four meetings with executives from Chinese companies in the sustainable energy and defense sectors.
China has been Brazil’s top trading partner since 2009. Bilateral trade is largely characterized by Brazilian exports of raw materials and imports of Chinese manufactured goods. Lula aims to reduce this imbalance by strengthening Brazil’s domestic industry.
During his previous visit in 2023, he signed 15 government-level agreements and 32 business deals. This time, 16 new protocols are expected to be signed, along with the announcement of 32 more agreements under negotiation in areas such as infrastructure, renewable energy, and automotive technology.
Lula also used the occasion to criticize the U.S. tariffs on Chinese products, calling them harmful to global trade. “No one can make it alone,” the Brazilian leader said, reaffirming the need for a multilateral approach to global economic challenges.
teleSUR/ JF
Sources: teleSUR – Brazilian Presidency
