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Brazil is a democratic country with a wide macroeconomic and institutional stability. With an area of 8.5 million square kilometers and a population of over 190 million inhabitants, Brazil has the world’s eighth largest consumer market, besides representing a gateway to MERCOSUR, Brazil enjoys a free and export-oriented economy. The tropical rain forest climate and abundant natural resources and an integrated demographic structure both contribute to huge market capacity in the country.
Brazil accounts for half of the economy of South America; has the most diversified industrial base in Latin America and the Caribbean; is the world’s foremost producer of regional jets and fourth largest producer of commercial airliners; the world’s largest producer of coffee and oranges; is, alongside I n d i a , a m a j o r p ro d u ce r o f sugarcane; has the largest forestry products industry in Latin America.
B r a z i l p o s s e s s e s a c o m p r e h e n s i v e e c o n o m i c framework. It is the world’s fifth largest market for mobile phones and personal computers; is the world’s largest exporter of beef and of chicken, and the fourth largest exporter of pork; is the world’s second largest exporter of soy products (beans, meal and oil); is the world’s largest exporter of sugar, and orange juice; is the world’s fifth largest market, and sixth largest producer of motor vehicles; is the world’s largest exporter and second largest producer of ethanol. It stands in fifth place on the ranking of the world’s largest economies, since December 2009, according to the World Bank.
China is now the premier trade partner of Brazil, and Brazil China’s ninth biggest trade partner in return. In 2013, the total bilateral trade volume exceeds 80 billion US dollars, which was an increase of approximately 10% over the previous year.
The two countries have been weaving trade ties since long ago. In 1974, the two nations established diplomatic relations, and in 2012, established a strategic trade partner relationship. In July 2014, Chinese president Xi Jinpin paid a state visit to Brazil and signed over 50 contracts, including that Brazil will sell 60 commercial airplanes to China. Brazil has just successfully hosted the 2014 World Cup, and will host the 2016 Olympic Games, which will further stimulate the demand for infrastructure construction.