On February 20, 2025, a delegation from Brazilian mining giant Vale, led by Luciana Brum, Global Managing Director of External Affairs, Chen Guangda, General Manager of Corporate Affairs of China, and Zhao Hang, Senior Manager of Corporate Affairs of China visited the Chongyang Institute for Financial Studies at Renmin University of China (RDCY). The two sides engaged in in-depth discussions on several topics including the global landscape, China’s economic reform and investment environment, green and low-carbon development, and Sino-Brazilian economic corporation.

Wang Wen, Dean of RDCY, welcomed the delegation, pointing out that the global economic situation is changing rapidly, and the relationship between China and the United States, as the world’s two largest economies, has a profound impact on the global economy. Meanwhile, China’s sustained economic reform has demonstrated its strong development potential and market vitality, attracting the attention of numerous international companies. As a global mining giant, Vale holds an important position in global resource development and trade. It has a wide business layout in the Chinese market and is closely linked to China’s economic development. In addition, under the framework of Belt and Road Initiative, there is a broad prospect for cooperation between China and Brazil in infrastructure construction and trade. By strengthening connectivity and promoting trade exchanges, both sides can achieve complementary advantages and common development.

Luciana Brum, Global Managing Director of External Affairs of Vale, said that the economic cooperation between China and Brazil has maintained a sound development momentum and achieved fruitful results in many fields. In terms of steel production, Brazil, as one of the world’s largest exporters of iron ore, has close cooperation with China on iron ore supply and steel production technology. The investment of Chinese companies in Brazil has driven the development of the local economy and enhanced its competitiveness. In addition, there is great potential for cooperation between the two sides in the field of low-carbon emission technology. With the global emphasis on environmental protection, low-carbon economy has become the trend of future development. The cooperation between China and Brazil in new energy development, energy-saving and emission reduction technology will help achieve sustainable development goals, while also creating new business opportunities for companies.

Both sides also discussed topics such as improving the investment environment, promoting academic exchanges between China and Brazil, cooperative research with think tanks, and conducting business visits and research. Yang Qingqing, Deputy Dean of RDCY, Xu Tianqi, Associate Research Fellow and Deputy Director of Macro Research Department, Liu Jintao, Associate Research Fellow and Deputy Director of Green Finance Research Department, and Zhang Chufan, staff of International Department joined the meeting.