Latest news with #China-Brazil
Yahoo
21-05-2025
- Business
- Yahoo
CICC Announces Hosting of Its First China-Brazil Economic and Finance Conference in São Paulo
SAO PAULO, May 21, 2025 (GLOBE NEWSWIRE) -- On May 20th, 2025, the first "China-Brazil Economic and Finance Conference" organized and hosted by China International Capital Corporation Limited (CICC), was successfully held in São Paulo, Brazil. Hundreds of government officials, representatives from leading enterprises and investment institutions across China and Brazil attended the conference. At the event, Xu Yicheng, CICC's Member of Management Committee, represented the company. In his opening remarks, Xu emphasized that Chinese enterprises possess extensive experience in development, application, and operation across both traditional sectors such as equipment manufacturing and infrastructure, and emerging industries such as high technology and new energy. These strengths align well with Brazil's new "Growth Acceleration Program" and its "re-industrialization" transformation needs. Looking ahead, he noted the broad prospects and abundant opportunities for cooperation between the two countries in areas such as trade and investment, industrial complementarity, green transition, and technological innovation. Xu also introduced CICC's business advantages, its commitment to internationalization, and the company's recent progress in Brazil. Notably, CICC has successfully assisted with the split and divestiture of Oi's broadband business, facilitated Goldwind's smooth acquisition of GE's wind equipment manufacturing plant in Brazil, and ensured a seamless transition for Daimler's sale of its Brazilian passenger car plant to Great Wall Motors. The conference featured over twenty prominent speakers from governments, financial institutions, and leading enterprises in both countries, engaging in discussions on macroeconomics, cross-border investment trends, industry and financial market developments. Key topics included "Economic, Trade and Investment Perspectives between China and Brazil," "Clean Energy Frontier: Advancing China-Brazil Cooperation in Sustainable Energy," and "Deepening China-Brazil Economic Ties: Consumer Economy Driving New Cross-border Investment Trends." Representatives from organizations included the Brazilian National Bank for Economic and Social Development (BNDES), Eletrobras, the Brazil-China Business Council, and the Brazilian Stock Exchange B3. This event marks CICC's first high-level conference in Latin America. In the future, CICC will continue leveraging its integrated strengths in "investment + investment banking + research" to promote investment and cross-border capital flows between China and Brazil. CICC's future plans include facilitating further investment by leading Chinese enterprises in Brazil, mainly in clean energy, mining, agriculture, advanced manufacturing, e-commerce, and infrastructure, while supporting Brazilian companies' investments and capital market activities in China, such as issuing RMB-denominated bonds (Panda Bonds) and listings in Hong Kong. By expanding its business activities in Latin America and deepening engagement with local public sectors, enterprises, financial institutions, and research organizations, CICC will seek to further advance China-Brazil investment cooperation further and inject new momentum into cross-border economic and trade development. About CICC China International Capital Corporation Limited (CICC, was established in 1995. Our experience in professional services includes leading several prominent transactions, reflecting our close involvement in China's economic reform and development. Our vision is to become a first-class investment bank with international competitiveness. As an investment bank with Chinese roots and international reach, CICC continues bringing first-class financial services through its extensive network and outstanding cross-border capability to help our clients accomplish their strategic development goals. pr_overseas@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
15-05-2025
- Business
- Associated Press
‘Total productive integration' with China is fundamental to Brazil's destiny: Brazilian economist
05/15/2025, Beijing, China // KISS PR Brand Story PressWire // Brazilian President Luiz Inacio Lula da Silva is paying a state visit to China from Saturday to Wednesday, during which he will attend the fourth ministerial meeting of the China-CELAC (Community of Latin American and Caribbean States) Forum in Beijing. At present, unilateralism and protectionism are clearly on the rise, and the international order is facing serious challenges. This situation requires further cooperation between China and Brazil, both influential developing nations. In a recent interview with Global Times (GT) reporter Xia Wenxin, Elias Khalil Jabbour (Jabbour), an associate professor at the School of Economics of Brazil's Rio de Janeiro State University, shared his views on topics including China-Brazil ties, China's economic development and BRICS cooperation amid US tariffs. GT: What are your expectations for President Lula's visit? What do you think is the significance of China's deepening ties with Brazil and Latin America in the current global landscape? Jabbour: My expectations are high, as there is a radical change in the international landscape that requires Brazil to make more assertive decisions. In fact, within the Lula government, the illusion that Brazil can 'balance' between the poles centered around the US, Europe and China is fading, and it is becoming clear that Brazil's future is increasingly tied to the level of political and productive engagement between my country and China. This is the main point I can observe, especially with the acceleration of negotiations for industrial and infrastructure projects between the two countries. Greater alignment with China is fundamental to Brazil's destiny. I have been saying in Brazil, and this also applies to Latin America, that our future as sovereign countries and as a sovereign region depends on what I call 'total productive integration' with China. This means that Brazil and Latin America must see China not merely as an export market for commodities, but as a real opportunity for industrialization, reindustrialization and the consolidation of what I call our 'second independence.' GT: Last year marked the 50th anniversary of the establishment of diplomatic relations between China and Brazil. During his visit to Brazil in November, Chinese President Xi Jinping mentioned the need for the two countries to usher in the next 'Golden 50 Years.' What do you see as potential 'golden areas' for further development of China-Brazil relations? Jabbour: There are several areas. I believe we should focus on what is fundamental for Brazil, which includes heavy investments in infrastructure, reconstruction of our land connections, hundreds of kilometers of railways, highways, ports, airports and also partnerships to rebuild our industrial production base. Key sectors like artificial intelligence (AI), defense and green industries are also potential 'golden areas.' Brazil needs China to reindustrialize, and China needs Brazil as a base for exporting its productive capacity. GT: We are seeing the abuse of tariff policies from Washington. Even though the 10 percent 'reciprocal tariff' on Brazilian products is currently being halted for 90 days, Brazil has already become a victim of US tariffs, as steel, one of Brazil's key exports to the US, has been subject to a 25 percent tariff since March. What do you think of this series of tariffs from the US? Jabbour: We must take a broader view, not focused only on the tariffs themselves, but on the response the US is trying to give to its own decline. I have argued that US leadership is no longer possible in a world based on rules, institutions and true democracy in international relations. Faced with this, systemic chaos becomes the only way to maintain its hegemony. It's not about Democrats versus Republicans - it's about how the US views its own decline. On the other hand, the US tries to find external scapegoats for the fact that the richest country in the world has produced an increasingly morally bankrupt society, deindustrialized, with a growing homeless population, and many people using drugs openly in public. The US elite has been robbing its own people since the Reagan administration, and the tariffs are just another way to blame an external agent and continue punishing the American people. GT: Against the backdrop of US abuse of tariffs, how do you see the overall development of China's economy this year? And what is your take on China's role amid all these challenges to global economic development? Jabbour: Over the past 45 years, China has built a series of institutional, productive and financial mechanisms that provide the country with great resilience amid the storms of the international economy. Meanwhile, a key advantage of China is its socialist system and its ability to focus on large projects and major tasks, in addition to having public ownership of strategic means of production and a financial system under state control. China is not merely a copy of the East Asian developmental states. China's economy, fully focused on building goods and services and integrating disruptive technological innovations such as 5G, AI and big data into its planning system, ensures the country has immense capacity to anticipate and resolve contradictions in its development process. China's dynamics is something we must study deeply - not only to understand its advantages, but also the potential and superiority of socialism over capitalism in our historical era. As for its role, China, with its immense internal market, the political responsibility of its leadership toward the world and its investment capacity across the globe, has become the major source of stability and predictability in a world increasingly marked by chaos. GT: The 17th BRICS Summit will be held on July 6 and 7 in Rio de Janeiro, Brazil. At the recent meeting of BRICS foreign ministers, the ministers reached a consensus on opposing the global 'tariff war' and trade protectionism. What do you think of such a consensus? What role can the BRICS mechanism play in opposing trade protectionism? Jabbour: The BRICS mechanism can play a fundamental role in accelerating productive, financial, trade and investment integration among its member countries and the Global South as a whole. One of the great trends of our time is the transformation of the Global South into a major regional market. We must seize and deepen two facts: The Global South already produces more wealth than the Global North, and its trade flow between member countries is also greater than the trade flow between the Global South and the Global North. This article first appeared in the Global Times: Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Company: Global Times Contact Person: Anna Li Email: [email protected] Website: City: Beijing
The Sun
14-05-2025
- Entertainment
- The Sun
CGTN: Peng Liyuan and Brazil's first lady visit NCPA in Beijing, vow to deepen cultural exchange
BEIJING, CHINA - Media OutReach Newswire - 14 May 2025 - The National Centre for the Performing Arts (NCPA) in Beijing on Tuesday welcomed Peng Liyuan, wife of Chinese President Xi Jinping, and Rosangela Lula da Silva, wife of Brazilian President Luiz Inacio Lula da Silva, as CGTN reported. Rosangela is accompanying the Brazilian president on his state visit to China. Peng and Rosangela appreciated the centre's interior architecture and viewed 'Stage of Glory,' an exhibition on the achievements of the NCPA, which has played a major role in China-Brazil and China-Latin America cultural and people-to-people exchanges in recent years. They also learned about the work of the NCPA in promoting international cultural exchange and art popularization. For example, in 2023, the NCPA launched its artists' first South American cultural exchange tour in Brazil and Argentina. In 2024, a special concert was held at the NCPA to celebrate the 50th anniversary of the establishment of diplomatic relations between China and Brazil. Noting that both China and Brazil are major cultural countries, Peng said that people-to-people and cultural exchange between the two sides has been active in recent years, and that mutual understanding and friendship between the peoples of the two countries have deepened. In recent years, China and Brazil have collaborated on a range of cultural exchange initiatives, including the China-Latin America Cultural Festival and film programs among BRICS nations. Brazilian cultural icons, such as adorable capybaras, bossa nova music, samba dance and capoeira, have gained widespread popularity in China. Meanwhile, traditional Chinese celebrations like the Spring Festival and cultural treasures such as traditional Chinese medicine are becoming increasingly familiar and appreciated in Brazil. In 2022, the City of Rio de Janeiro designated September 28 – widely recognized as Confucius' birthday – as Mandarin Day, reflecting the deepening cultural ties between China and Brazil. Additionally, in the state of Rio de Janeiro, the Spring Festival, or Chinese New Year, has been officially recognized as a public holiday. Bilateral cultural and people-to-people exchanges between China and Brazil were further strengthened in 2024 as the two countries celebrated the 50th anniversary of diplomatic relations. Marking the occasion, they signed an agreement to issue 10-year multiple-entry visas for their citizens in January, facilitating business, tourism and family visits, and boosting economic and commercial ties. In April, Air China also resumed its Beijing-Madrid-Sao Paulo route, enhancing connectivity between the two nations. A total of 76,000 Chinese tourists visited Brazil in 2024, an increase of 79 percent compared to 2023, according to Embratur, also known as the Brazilian Tourist Board. Next year, the China-Brazil Year of Culture will be held to enhance bilateral cooperation in fields such as culture, education, tourism and media and to facilitate personnel exchanges between the two countries. Looking ahead, Peng expressed the hope that both sides will maintain this good momentum and bring the two peoples closer. Appreciating Peng's arrangements, Rosangela spoke highly of China's development and splendid culture. She also expressed her willingness to actively promote people-to-people and cultural exchanges between the two countries, and to continue contributing to the deepening of friendship between Brazil and China.
Arabian Post
14-05-2025
- Entertainment
- Arabian Post
CGTN: Peng Liyuan and Brazil's first lady visit NCPA in Beijing, vow to deepen cultural exchange
Rosangela is accompanying the Brazilian president on his state visit to China. Peng and Rosangela appreciated the centre's interior architecture and viewed 'Stage of Glory,' an exhibition on the achievements of the NCPA, which has played a major role in China-Brazil and China-Latin America cultural and people-to-people exchanges in recent years. They also learned about the work of the NCPA in promoting international cultural exchange and art popularization. For example, in 2023, the NCPA launched its artists' first South American cultural exchange tour in Brazil and Argentina. In 2024, a special concert was held at the NCPA to celebrate the 50th anniversary of the establishment of diplomatic relations between China and Brazil. Noting that both China and Brazil are major cultural countries, Peng said that people-to-people and cultural exchange between the two sides has been active in recent years, and that mutual understanding and friendship between the peoples of the two countries have deepened. In recent years, China and Brazil have collaborated on a range of cultural exchange initiatives, including the China-Latin America Cultural Festival and film programs among BRICS nations. Brazilian cultural icons, such as adorable capybaras, bossa nova music, samba dance and capoeira, have gained widespread popularity in China. Meanwhile, traditional Chinese celebrations like the Spring Festival and cultural treasures such as traditional Chinese medicine are becoming increasingly familiar and appreciated in Brazil. See also Cyberport Hosts "AI x Cybersecurity Forum" In 2022, the City of Rio de Janeiro designated September 28 – widely recognized as Confucius' birthday – as Mandarin Day, reflecting the deepening cultural ties between China and Brazil. Additionally, in the state of Rio de Janeiro, the Spring Festival, or Chinese New Year, has been officially recognized as a public holiday. Bilateral cultural and people-to-people exchanges between China and Brazil were further strengthened in 2024 as the two countries celebrated the 50th anniversary of diplomatic relations. Marking the occasion, they signed an agreement to issue 10-year multiple-entry visas for their citizens in January, facilitating business, tourism and family visits, and boosting economic and commercial ties. In April, Air China also resumed its Beijing-Madrid-Sao Paulo route, enhancing connectivity between the two nations. A total of 76,000 Chinese tourists visited Brazil in 2024, an increase of 79 percent compared to 2023, according to Embratur, also known as the Brazilian Tourist Board. Next year, the China-Brazil Year of Culture will be held to enhance bilateral cooperation in fields such as culture, education, tourism and media and to facilitate personnel exchanges between the two countries. Looking ahead, Peng expressed the hope that both sides will maintain this good momentum and bring the two peoples closer. Appreciating Peng's arrangements, Rosangela spoke highly of China's development and splendid culture. She also expressed her willingness to actively promote people-to-people and cultural exchanges between the two countries, and to continue contributing to the deepening of friendship between Brazil and China. Hashtag: #CGTN The issuer is solely responsible for the content of this announcement.
Associated Press
14-05-2025
- Entertainment
- Associated Press
CGTN: Peng Liyuan and Brazil's first lady visit NCPA in Beijing, vow to deepen cultural exchange
BEIJING, CHINA - Media OutReach Newswire - 14 May 2025 - The National Centre for the Performing Arts (NCPA) in Beijing on Tuesday welcomed Peng Liyuan, wife of Chinese President Xi Jinping, and Rosangela Lula da Silva, wife of Brazilian President Luiz Inacio Lula da Silva, as CGTN reported. CGTN photo Rosangela is accompanying the Brazilian president on his state visit to China. Peng and Rosangela appreciated the centre's interior architecture and viewed 'Stage of Glory,' an exhibition on the achievements of the NCPA, which has played a major role in China-Brazil and China-Latin America cultural and people-to-people exchanges in recent years. They also learned about the work of the NCPA in promoting international cultural exchange and art popularization. For example, in 2023, the NCPA launched its artists' first South American cultural exchange tour in Brazil and Argentina. In 2024, a special concert was held at the NCPA to celebrate the 50th anniversary of the establishment of diplomatic relations between China and Brazil. Noting that both China and Brazil are major cultural countries, Peng said that people-to-people and cultural exchange between the two sides has been active in recent years, and that mutual understanding and friendship between the peoples of the two countries have deepened. In recent years, China and Brazil have collaborated on a range of cultural exchange initiatives, including the China-Latin America Cultural Festival and film programs among BRICS nations. Brazilian cultural icons, such as adorable capybaras, bossa nova music, samba dance and capoeira, have gained widespread popularity in China. Meanwhile, traditional Chinese celebrations like the Spring Festival and cultural treasures such as traditional Chinese medicine are becoming increasingly familiar and appreciated in Brazil. In 2022, the City of Rio de Janeiro designated September 28 – widely recognized as Confucius' birthday – as Mandarin Day, reflecting the deepening cultural ties between China and Brazil. Additionally, in the state of Rio de Janeiro, the Spring Festival, or Chinese New Year, has been officially recognized as a public holiday. Bilateral cultural and people-to-people exchanges between China and Brazil were further strengthened in 2024 as the two countries celebrated the 50th anniversary of diplomatic relations. Marking the occasion, they signed an agreement to issue 10-year multiple-entry visas for their citizens in January, facilitating business, tourism and family visits, and boosting economic and commercial ties. In April, Air China also resumed its Beijing-Madrid-Sao Paulo route, enhancing connectivity between the two nations. A total of 76,000 Chinese tourists visited Brazil in 2024, an increase of 79 percent compared to 2023, according to Embratur, also known as the Brazilian Tourist Board. Next year, the China-Brazil Year of Culture will be held to enhance bilateral cooperation in fields such as culture, education, tourism and media and to facilitate personnel exchanges between the two countries. Looking ahead, Peng expressed the hope that both sides will maintain this good momentum and bring the two peoples closer. Appreciating Peng's arrangements, Rosangela spoke highly of China's development and splendid culture. She also expressed her willingness to actively promote people-to-people and cultural exchanges between the two countries, and to continue contributing to the deepening of friendship between Brazil and China. Hashtag: #CGTN The issuer is solely responsible for the content of this announcement.
