Brazil is becoming increasingly dependent on China, which is under attack from Bolsonaro's supporters.
In the first six months of this year, the Asian country accounted for 34% of national exports and 80% of the trade surplus – which proves that Jair Bolsonaro is acting against the national interest when he attacks China.
247 - Official statistics show that Jair Bolsonaro, who maintains a foreign policy of total submission to the interests of Donald Trump, is acting against national interests when he attacks China. This is because China's participation in the country's exports and trade balance has never been so large – a result of a strategic partnership between Brazil and China consolidated during the government of former President Luiz Inácio Lula da Silva.
"From January to June, shipments to the Asian giant rose 14,6% compared to the same period last year, to US$34,35 billion, while sales to the rest of the world fell 15,2%. As a result of increased demand from China, the country's share of national exports grew even further, from 27% in the first half of 2019 to 34% in the same period of 2020 – the highest percentage since 2000, the first year of the series compiled by the bank. Of the US$22,3 billion surplus in Brazil's trade balance accumulated this year, China accounts for US$17,7 billion, or almost 80% of the total." points out a report by journalist Arícia Martins., published in Valor Econômico.
“Brazilian exports remained relatively resilient, thanks to demand from China,” says Roberto Secemski of Barclays bank. After falling 6,8% in the first quarter compared to the same period in 2019, the Chinese economy grew 3,2% in the second quarter in the same comparison, which constitutes a “V”-shaped recovery. China should emerge from the current shock stronger and will be one of the few nations to grow this year, says Livio Ribeiro, a researcher at the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre/FGV).