A conference in São Paulo organized by Shandong’s government signals strengthened Sino-Brazilian relations post a key visit by President Xi Jinping. The event highlighted the signing of 37 agreements across various sectors. Shandong aims to lead these relations by leveraging its economic strength for sustainable development, while Brazil seeks to enhance its manufacturing industry.

Recent developments in Sino-Brazilian relations were highlighted during a conference in São Paulo organized by the Shandong provincial government. This event convened business leaders and government officials from both countries to explore collaborative opportunities stemming from agreements signed in November during President Xi Jinping’s visit to Brazil.

A total of 37 agreements covering diverse sectors such as agriculture, education, technology, and sustainable development were established between President Xi Jinping and Brazilian President Luiz Inácio Lula de Silva. Brazilian Minister of Agriculture and Livestock Carlos Fávaro emphasized the necessity of advancing in critical areas like food, industry, and mining, noting the importance of these relations amid global instability.

Shandong Vice-Governor Song Junji reiterated the need for deepening cooperation to foster a fairer and more sustainable world. He indicated that Shandong Province has been tasked with leading Sino-Brazilian relations, utilizing its economic strength to promote sustainable and high-quality development, further evident from the recent conference that gathered a diverse group of entrepreneurs from Shandong.

With a GDP of 9.2 trillion yuan (US$1.27 trillion) in 2023, Shandong is China’s third-largest provincial economy and is currently undergoing industrial renewal focused on clean energy and digital transformation. Over the past three years, the province has achieved an annual growth rate surpassing 6%, showcasing its commitment to environmental sustainability and rural revitalization.

Brazil, aiming to re-industrialize with a focus on green and high-tech industries, finds Shandong’s expertise to be particularly relevant. As one of Shandong’s top ten export destinations, Brazil is projected to import US$15.7 billion worth of goods from the province in 2024, highlighting the robust economic relationship between the two.

In conclusion, the conference in São Paulo signifies the strengthening of Sino-Brazilian ties, driven by strategic agreements aimed at enhancing economic cooperation. Shandong Province’s role as a leader in fostering these relations is underscored by its economic capabilities and commitment to sustainable practices. As both nations pursue industrial growth with a focus on sustainability, the existing trade dynamics point to a promising future for bilateral relations.

Original Source: macaonews.org

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