Brazil: Can China Deliver for Lula Again? | David Woo

The high-profile visit of Brazilian President Lula da Silva in China this week could not have been better received by the financial market, with ibovespa rallying 5%. Under Lula's first term, the BRazil and China trade increased by 20 times and China overtook the US as Brazil's largest trading partner. This helped Brazil become the 8th largest economy in the world and helped pay for Lula’s ambitious welfare programs that lifted 20 million Brazilians out of poverty. As Lula embarks on his historic second term, he is looking to China once again. But this time Lula needs China to do more than buy soybeans and iron ore. This time he needs his old friend to help him transform the Brazilian economy. Can China deliver for Lula again? What did Lula mean when he said “Brazil is back”? What does Lula’s return to power mean for the Global North and South divide and the unipolar vs the multipolar world fight? What does Lula want to do about the dollar reserve status or the Russia Ukraine war? Will Lula preserve the reforms of his predecessors and push through new ones? Will Brazil become less or even more polarized under his watch? What is the outlook for Brazil growth and Brazil inflation in 2023 and beyond? Should you be investing in Brazil right now?

David Woo, a former top-ranked Wall Street global macro strategist, tells it as it is. In this video, he interviews 3 well known Brazil experts to discuss the upside and the downside risks for Brazil in the coming months and years.

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00:00 Introduction
01:54 Will Lula make Brazil great?
03:05 Lula goes to China
06:21 Brail is back?
13:00 Lucky Lula
18:27 Brazil needs reforms
27:27 Lula the pragmatist
38:46 Divided Brazil - political polarization
40:28 Will Lula have a good year?

#brazil #lula #china