Advertisement

The Economic Relationship Between Brazil and China: Recent Trends and Prospects

  • Santiago Bustelo
  • Marcos Reis
Chapter

Abstract

This chapter aims to analyze the boosting economic relationship between Brazil and China at the beginning of the twenty-first century and identify the prospects for the near future based on the ongoing structural economic and social changes that are currently happening in China. For that, it discusses the changes that the Chinese economy passed in the recent decades and also its most recent trends, characterized by a new era of slower growth, the so-called Chinese “new normal”. The main conclusions are the following: (1) the rapid growth of China in the last few decades profoundly changed the relationship between this nation and Brazil, (2) the new economic perspectives for China can represent a watershed in this relationship, and (3) it is necessary that Brazil prepares itself for this new phase to strengthen the partnership with the Asian country.

References

  1. Angang, H. (2013, June). Collective Presidency in China. Beijing: Institute for Contemporary China Studies, Tsinghua University.Google Scholar
  2. Barbosa, A. (2011). China e América Latina na nova divisão internacional do trabalho. In R. Leão, E. Pinto & L. Acioly (Orgs.), A China na nova configuração global: impactos políticos e econômicos. Brasília: Ipea.Google Scholar
  3. Biato Junior, O. (2010). A parceria estratégica Sino-Brasileira: origens, evolução e perspectivas (1993–2006). Brasília: FUNAG.Google Scholar
  4. Bustelo, S., & Reis, M. (2015). A Strategic Agenda for the Sino-South America Relationship Under China’s “New Normal” (Working Paper. Initiative for Policy Dialogue). New York: Columbia University.Google Scholar
  5. Castro, A. B. (2011). O inconformista: homenagem do Ipea ao Mestre. Brasília: Instituto de Pesquisa Econômica Aplicada.Google Scholar
  6. Chatterjee, R. (2014). China’s Growing Footprint in Latin America. Opinion Article Available at: http://thelondoneconomic.com/news/economics/chinas-growing-footprint-in-latin-america/27/08
  7. China – Brazil Business Council. (2011). Chinese Investments in Brazil: A New Phase in China-Brazil Relationship. Rio de Janeiro: CBBC.Google Scholar
  8. China – Brazil Business Council. (2012). The Presence of Brazilian Companies in China. Rio de Janeiro: CBBC.Google Scholar
  9. China – Brazil Business Council. (2013). Chinese Investments in Brazil from 2007–2012: A Review of Recent Trends. Rio de Janeiro: CEBC.Google Scholar
  10. China – Brazil Business Council. (2015, April). Brasil-China, Letter (Special ed.). Rio de Janeiro.Google Scholar
  11. China – Brazil Business Council; Brazilian Agency for Export and Investment Promotion. (2015, Fevereiro). Oportunidades de Comercio e Investimentos na China para setores selecionados. Rio de Janeiro.Google Scholar
  12. Das, M., & N’Diaye, P. (2013). Chronicle of a Decline Foretold: Has China Reached the Lewis Turning Point? (IMF Working Paper 13/26). Washington: International Monetary Fund.CrossRefGoogle Scholar
  13. Duggan, J. (2015, July 8). Chinese Stock Markets Continue to Nosedive as Regulator Warns of Panic. The Guardian (Shanghai). Archived from the Original on 9 July 2015.Google Scholar
  14. Elliott, D. J., & Qiao, Y. (2015). Reforming Shadow Banking in China. Economic Studies at Brooking. Available at: http://www.brookings.edu/~/media/research/files/papers/2015/05/12-reforming-shadow-banking-china/elliott%2D%2Dshadow-banking.pdf
  15. Financial Stability Board (FSB). (2012). Strengthening Oversight and Regulation of Shadow Banking. Consultative Document.Google Scholar
  16. Gallagher, K., & Myers, M. (2014). China-Latin America Finance Database. Washington, DC: Inter-American Dialogue.Google Scholar
  17. Gallagher, K., & Porzecanski, R. (2010). The Dragon in the Room: China and the Future of Latin American Industrialization. Stanford: Stanford University Press.Google Scholar
  18. Gan, L. (2013). Income Inequality and Consumption in China. Chengdu: Texas A&M University Southwestern University of Finance and Economics. Retrieved from: http://international.uiowa.edu/files/international.uiowa.edu/files/file_uploads/incomeinequalityinchina.pdf
  19. Hakim, P., & Myers, M. (2014, January 9). China and Latin America in 2013. China Policy Review.Google Scholar
  20. Halpern, N. (1992). Information Flows and Policy Coordination in the Chinese Bureacracy. In K. Lieberthal & D. Lampton (Eds.), Bureaucracy, Politics, and Decision Making in Post-Mao China. Berkeley: University of California Press.Google Scholar
  21. Heilmann, S., & Shih, L. (2013). The Rise of Industrial Policy in China, 1978–2012 (Harvard-Yenching Institute Working Paper Series). University of Trier.Google Scholar
  22. Lampton, D. (1992). A Plum for a Peach: Bargaining, Interest, and Bureaucratic Politics in China. In K. Lieberthal & D. Lampton (Eds.), Bureaucracy, Politics, and Decision Making in Post-Mao China. Berkeley: University of California Press.Google Scholar
  23. Lewis, W. A. (1954). Economic Development with Unlimited Supplies of Labour. The Manchester School of Economic and Social, 22, 139–191.CrossRefGoogle Scholar
  24. Lieberthal, K., & Lampton, D. (1992). Introduction: The Fragmented Autoritarism Model and Its Limitations. In K. Lieberthal & D. Lampton (Eds.), Bureaucracy, Politics, and Decision Making in Post-Mao China. Berkeley: University of California Press.Google Scholar
  25. Mertha, A. (2009). Fragmented Authoritarism 2.0: Political Pluralization in the Chinese Policy Process. The China Quaterly, 200, 995–1012.Google Scholar
  26. Naughton, B., & Chen, L. (2013). The Emergence of Chinese Techno-Industrial Policy: From Megaprojects to Strategic Emerging Industries, 2003–2011 (Spider Web Paper).Google Scholar
  27. Pinto, L. (2015). A New Age for China in Brazil and South America. Georgetown Journal of International Affairs (Fall). Available at: http://journal.georgetown.edu/a-new-age-for-china-in-brazil-and-south-america/
  28. Ray, R., & Gallagher, K. (2015, June 19). China-Latin America Economic Bulletin 2015 Edition.Google Scholar
  29. Saich, T. (2004). Governance and Politics in China. New York: Palgrave.CrossRefGoogle Scholar
  30. Schwarcz, S. (2013). Shadow Banking, Financial Risk, and Regulation in China and Other Developing Countries. GEG WP 2013/83. Available at: http://www.globaleconomicgovernance.org/geg-wp-201383-shadow-banking-china-and-other-developing-countries
  31. Shambaugh, D. (2000). The Modern Chinese State. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  32. The Economist. (2014, May 10). The Lure of Shadow Banking, p. 9 (Print Edition).Google Scholar
  33. World Bank. (2014). Implications of a Changing China for Brazil: A New Window of Opportunity? Washington, DC: World Bank Group.Google Scholar
  34. Xie, Y., & Zhou, X. (2014). Income Inequality in Today’s China. Proceedings of the National Academy of Sciences, 111(19), 6928–6933.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Santiago Bustelo
    • 1
  • Marcos Reis
    • 2
  1. 1.Fudan UniversityShanghaiChina
  2. 2.Institute of Economics, Federal University of Rio de Janeiro (IE-UFRJ)Rio de JaneiroBrazil

Personalised recommendations