In an era of mounting global uncertainties, China and Brazil should move to fortify their economic partnership, with senior officials from both countries recently pledging to deepen financial co-operation and jointly inject stability into a volatile world economy.

Their remarks came during the 12th China-Brazil Financial Subcommittee Meeting of the China-Brazil High-Level Coordination and Co-operation Committee, held on 9 June and co-chaired by China's Vice-Minister of Finance Liao Min and Brazil's Vice-Minister of Finance Mathias Alencastro in Beijing.

The world has entered a new period of turbulence and transformation, Liao said, adding that developing countries face particularly severe challenges.

Liao stressed China's readiness to work with Brazil to strengthen macroeconomic policy communication, deepen practical financial co-operation, and enhance coordination within multilateral frameworks, leveraging the economic stability of the two countries to provide greater certainty to a shaken global order.

Alencastro said that Brazil attaches great importance to co-operation with China. Faced with international uncertainty, Brazil is eager to deepen mutual trust and achieve win-win outcomes with China, particularly in sustainable agriculture, green transition, and future-oriented economic sectors, he added.

(Source: China Daily, on 9 June)