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Government figures show that China imported the equivalent of over US$89.7 billion in Brazilian products last year, and exported almost US$60.7 billion to Brazil, setting the trade value between the two countries at US$150.4 billion.

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Best Investment Stocks in India for 2025 Proven Market Strategies ✌️【Career Counseling】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. While in China, Lula will also attend former Brazilian President Dilma Rousseff’s inauguration in Shanghai as head of BRICS’s New Development Bank, a commercial bloc formed by the emerging economies of Brazil, Russia, India, China and South Africa.

Xi and Lula are also expected to discuss the war in Ukraine, with both leaders having previously positioned their countriesas potential mediators for the conflict.

Like many leaders in middle income and developing countries, Lula has adopted a policy of non-intervention over the war in Ukraine, rebuffing efforts led by US President Joe Biden to unite the global community in opposition to Russia’s invasion.

In a February interview with 【 - Free Access to Investment Community 】’s Christiane Amanpour, Lula – who in his previous term played an important role during nuclear discussions between the US and Iran – predicted that he would “talk a lot with President Xi Jinping about the role that China has to play on the peace issues (in Ukraine).

“This is my work. This is the work that I have to do. I started with the German Chancellor (Olaf Scholz). I talked with (French President Emmanuel) Macron on the phone. I’ll talk with President Biden now. I’ll talk to Xi Jinping, with the Indians, with the – with all the countries. We have to have a group of people and countries that talk about peace.”

Brazilian Foreign Minister Mauro Vieira hinted at hopes for a potential consensus among some countries emerging from Lula’s trip, AFP reported earlier this week.

“By the time Lula returns home, a group of mediator countries will have been created,” Vieira reportedly said.

His visit toChinacomes amid wider efforts to booster Brazil’s international relations, including a recent trip to Argentina for a meeting of CELAC – a bloc of Latin American and Caribbean states – that also included a delegation from the United States.

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