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KOKO Business · 2 Nov 2026

Brazil’s Economic Ties with China Grow Amid Political Shift

KOKO Business | People, Ideas, Markets, Growth | Brazil's Economic Ties with China Grow Amid Political Shift

Brazil has attracted a record level of Chinese investment, highlighting the country's growing economic ties with China. This development underscores the significance of Brazil's trade relationship with China, which has been expanding in recent years.

President Luiz Inacio Lula da Silva, who won a fourth non-consecutive term in the recent election, has emphasized Brazil's desire to maintain strategic autonomy from the United States. His remarks, including the statement that 'Brazil refuses to be anyone's backyard,' were seen as a clear message to Washington.

Analysts suggest that Lula's focus on diversifying Brazil's international partnerships could benefit China. Chen Fengying, a researcher at the China Institutes of Contemporary International Relations, noted that this strategy may create new opportunities for Beijing in the region.