Brazil, China pursue sustainable growth
China DailyMA XUEJING/CHINA DAILY With Brazil and China celebrating half a century of diplomatic relations and Rio de Janeiro hosting the G20 Summit on Monday-Tuesday, this is the right time to reflect on the challenges and opportunities the 21st century presents to the two countries. In 2023, trade between the two countries reached new highs, thanks to China's increasing demand for Brazilian agricultural products, particularly soybean, in which Brazil holds a competitive edge over the United States and Argentina. According to a Brazil-China Business Council report, Chinese investments in Brazil are increasingly focused on the high-tech sector and sustainable industries such as electric vehicles, solar photovoltaic panels and wind energy. China, the world's largest investor in renewable energy, sees Brazil as a strategic partner to advance its global sustainability goals. While China is likely to consolidate its position as the leading foreign investor in Brazil's strategic and sustainable sectors, Brazil will continue playing a key role as an economic partner and a preferred destination for Chinese investments, particularly in the energy transition-related sectors.