Brazilian Scholar: During The COVID-2019, China Provides An Important Market For Latin America

De Conti said that China took the lead in effectively controlling the epidemic and restoring the economy, becoming the only major economy in the world that achieved positive growth. China gradually resumed consumer demand to provide a market for Latin American products. "Latin America's exports to China have remained strong and even have increased, so as to avoid further blows to the regional economy and demonstrate the importance of China to Latin America."

De Conti said that China is a major trading partner in Latin America. "When other major trading partners of Latin America fall into recession, China has become the lifeline of Latin America."

In De Conte's view, as the largest economy in Latin America, Brazil's economic and trade performance in this crisis year confirms the importance of China as its main trading partner. "Brazil's GDP will experience negative growth in 2020, but China-Brazil trade will continue to grow. Two-thirds of Brazil's trade surplus comes from exports to China," he said.

The preliminary report on foreign trade in the region for 2020 released by the United Nations Economic Commission for Latin America and the Caribbean recently showed that exports in the region fell by 13% in 2020, of which intra-regional exports fell by 24%, and exports to the United States and the European Union fell by 14% and 13% respectively; However, thanks to exports of agricultural products and minerals, exports to China increased by 2%.