China’s larger middle class opens opportunity for Brazilian exports, ambassador says
Biggest destination of Brazilian exports, China foresees an explosion of its middle class in just over a decade. There will be 800 million people in this income bracket, twice what it is today. For Brazil, this accelerated increase in the Chinese consumption pattern should represent a new export window, not only of traditional commodities, but of foods for daily consumption in which Brazil already has a prominent global position, such as meat, orange juice and coffee. This is part of the horizon that the Chinese ambassador to Brazil, Yang Wanming, claims to see in relationship between the two countries.In written answers sent to Valor on a varied list of topics, he paints a China that intends to grow no longer as a super pollutant. The plan is expected to be detailed at COP26, but it involves, for example, reducing coal as an energy source and also reducing the volume of steel production, the largest CO2 emitter in the Chinese industry.Read the main excerpts from the interview:Valor: Does China plan to announce an acceleration of the climate transition, with more ambitious plans to reduce emissions, at COP26?Yang Wanming: The COP26, to be held in a few weeks’ time, is an important meeting in the field of climate change and global environmental governance. China expects the COP26 to send out a strong signal in defense of multilateralism and the promotion of cooperation between all parties, involving the international community in full compliance with the objectives and principles established in the United Nations Framework Convention on Climate Change (UNFCCC) and in the Paris Agreement. Above all, developed countries must take the lead in substantially reducing emissions and fulfilling the commitments with concrete actions in terms of financing, technology and capacity building. All parties must respect the Nationally Determined Contribution mechanism and promote a double win both in response to climate change and in sustainable socioeconomic development. Guided by Xi Jinping’s thinking about ecological civilization, China is firmly following a development path that prioritizes the environment and green, low-carbon growth. The country announced the goals of reaching CO2 emissions peak before 2030 and carbon neutrality before 2060, demonstrating its ambition in climate actions. The Chinese government will launch action plans aimed at the main segments and sectors, as well as a series of support measures, building the entire institutional...
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