In the first 10 months of this year, the trade volume between China and Brazil went up 9.9 percent year on year to 1.14 trillion yuan (about 158 billion U.S. dollars), maintaining a steady growth momentum, official data showed Sunday.
During the period, China's exports to Brazil stood at 432.08 billion yuan (about 60 billion U.S. dollars), and China's imports from Brazil came in at 708.15 billion yuan (about 98 billion U.S. dollars), said the General Administration of Customs.
China and Brazil established diplomatic relations in 1974. Over the past five decades, China-Brazil economic and trade cooperation has achieved fruitful results.
Since 2009, China has been Brazil's largest trading partner and a major source of investment, while Brazil has become China's largest trading partner in Latin America.
As China-Brazil economic and trade cooperation continue to deepen, more and more Brazilian competitive products have entered the Chinese market.
In the January-October period, more than 70 percent of Brazil's soybean and iron ore exports, and over 40 percent of its pulp and crude oil exports went to China.
Meanwhile, more quality Chinese industrial products were shipped to Brazil, helping the Latin American country accelerate its "re-industrialization" pace.
In the first 10 months of 2024, China's exports of intermediate goods to Brazil amounted to 216.86 billion yuan (about 30 billion U.S. dollars), a year-on-year increase of 11.8 percent, taking up 50.2 percent of its total exports to Brazil. Among them, the exports of textiles, auto parts, electric appliances, and flat-panel display modules grew 15.4 percent, 26.5 percent, 31.2 percent, and 22.2 percent, respectively.
China-Brazil trade up 9.9 pct in first 10 months
China-Brazil trade up 9.9 pct in first 10 months
Malaysian Prime Minister Anwar Ibrahim emphasized that Malaysia and China have made significant progress in promoting cultural and people-to-people exchanges through initiatives such as promoting the lion dance and facilitating visa-exempt travel.
Earlier this year, the two countries agreed to jointly apply for the inclusion of the lion dance on UNESCO's Representative List of the Intangible Cultural Heritage of Humanity. Both nations applauded the lion dance as a shared historical and cultural treasure and committed to preserving this cultural legacy together.
In an interview with China Media Group in Beijing, aired on Friday, Ibrahim emphasized the lion dance's importance in enriching Malaysia's cultural fabric.
"In Malaysia, lion dance [is featured] in always every single function. They (Malaysians) don't wait for the Lunar [New] Year. Particularly [in] the ethnic Chinese community, I always see a lion dance. Never mind the noise, but then it is enriching our culture. Malay Muslims are the majority, but it [lion dance] is part of the culture. We do accept it and embrace it. So when it comes to jointly promoting the lion dance with China, it doesn't come as a problem at all," said the prime minister.
Additionally, China has extended its visa-free entry policy for Malaysians until the end of 2025, and Malaysia has reciprocated with a similar policy for Chinese citizens.
Regarding the impact of these visa policies, Ibrahim noted that they have provided a significant boost to Malaysia's tourism industry, which saw a 186-percent increase in Chinese tourist arrivals from September to October this year.
"It is extremely or largely significant because it has propelled the number of tourists from China -- also from Malaysia [to China] -- but mostly from China because it is a big country [with a] huge population. I think [Malaysia saw] a 186-percent increase [of tourists from China] from September to October this year. So, it is something which is of great and immense help to the tourism industry," Ibrahim said.
Malaysian PM hails growing cultural, people-to-people exchanges with China
