Topic #1312: Alerts coming from China | The Subject

Of everything Brazil exports, more than 30% goes to the Chinese – in 2023, the sum of sales reached US$ 100 billion, which should be repeated in 2024. To our largest trading partner, we send mainly ore iron, soy and oil; and we received more billions of dollars, essential for the growth of agribusiness and industry. In other words, any noise in the Chinese economy can be greatly felt here. And, there, warning signs were turned on. After consecutive months with indicators below expectations, it became more difficult to reach the growth target set by the government for this year: 5% – which would already be a modest rate compared to recent decades. Xi Jinping’s government decided to act, and launched a package of measures that involves cutting interest rates, facilitating credit and injecting around US$140 billion into the Chinese economy. In this episode, to explain what motivated the economic package and how it will impact, Julia Duailibi talks to Rodrigo Zeidan, professor at New York University Shanghai and Fundação Dom Cabral, who speaks directly from Shanghai. Also participating is Cláudia Trevisan, executive director of the Brazil-China Business Council, who analyzes the impacts of the measure on this side of the world.