The partners Luiz Carlos Benner and Ricardo Massera embarked for China on October 11 to participate in the Asia Pacific Roadshow 2024, which was held in the cities of Guangzhou , Shenzhen and Shanghai . The event was organized by Allinial Global in conjunction with member firms CW CPA and SBA Stone Forest. They then went to the Global Forum of Allinial Global in Singapore, which took place between October 20 and 23.
Guangzhou or Canton is a city with more than 15 million inhabitants and an important economic center in southern China, standing out for its diversity and modern infrastructure, in addition to being a business hub for multinationals, with sectors such as electronics, textiles and technology. With a strong commercial relationship with Brazil, especially in agribusiness, the city offers opportunities for Brazilian products such as soy, meat and coffee, and opens doors to partnerships in technology and sustainability.
The commercial relationship between China and Brazil has grown significantly in recent decades, especially in the commodities sector. Guangzhou plays an important role in this trade, serving as a distribution point for Brazilian products in the Chinese market. Products such as soybeans, beef, chicken meat, coffee, and cellulose are in high demand in China, and Guangzhou is one of the main entry points for these products. It is also worth noting the China Import and Export Fair (Canton Fair), which is the largest multisectoral import and export fair in the world, held annually in Guangzhou and which attracts companies and professionals from all over the world.
In addition to the commodities sector, there is great potential for Brazilian companies in areas such as food and beverages, pharmaceuticals, fashion, design and services. Guangzhou has a growing consumer market, with a rising middle class that is increasingly interested in international products. Interest in Brazilian products, especially in the food sector, is increasing, offering an opportunity for Brazilian brands to establish themselves in the city.
In the agribusiness sector, for example, there are opportunities for cooperation in agricultural technologies, development of sustainable solutions, and knowledge exchange. The Brazilian experience in the cultivation of soybeans, cotton and beef may be interesting for partnerships and joint project development with Chinese companies, which seek innovative solutions to increase productivity and sustainability in their operations.
In addition to the panels and business rounds held, our partners had the opportunity to visit the Going Global Comprehensive Service Center for Chinese Enterprises , a place that provides infrastructure and environment for Chinese technology companies to conduct business around the world. They were also able to visit the magnificent Port of Guangzhou, including a visit to the autonomous terminal with Container Cranes , RTGs, and trucks being operated remotely.
Shenzhen, located in southern China and neighboring Hong Kong, has a population of over 14 million and is one of the most innovative and rapidly growing cities in the country. Known as the “Silicon Valley of China”, Shenzhen has become one of the world's leading technology and innovation centers, housing giants such as Huawei, Tencent, Kingdee, and DJI, as well as thousands of startups and high-tech companies. Originally a small fishing village, Shenzhen has become an important industrial and financial hub in recent decades, thanks to China's reform and economic opening policies, becoming a Special Economic Zone in 1980.
For Brazil, Shenzhen represents a unique opportunity for cooperation in the technology sector, especially in innovation for agribusiness, health, and infrastructure. Brazilian companies can find in Shenzhen a strategic partner for the development of advanced technologies and for access to the Asian market. The city offers a vibrant ecosystem for startups and innovation, which can be explored by Brazilian companies seeking to expand their operations and share knowledge in cutting-edge sectors.
Shenzhen is a global center of technology and innovation with a vibrant economy and a dynamic corporate environment. For Brazil, exploring partnerships with Shenzhen companies and investors can open doors for the joint development of technologies and expansion in the Asian market, promoting a valuable exchange of knowledge and innovation.
Our partners had the opportunity to participate in relevant connections with entrepreneurs in the region, in addition to getting to know the Kingdee , a technology, enterprise and cloud solutions giant, headquartered in Shenzhen. The company has more than 10 thousand employees and serves more than 7.4 million clients worldwide, including more than 50% of the 500 largest companies in China, in addition to having more than 2000 patent registrations.
“The business rounds in Guangzhou and Shenzhen brought insights relevant to the support needs in tax services and transfer pricing for companies that wish to establish themselves internationally.”, commented our partner Luiz Carlos Benner.
With over 25 million inhabitants, Shanghai or Shanghai is one of the largest and most dynamic cities in China, known as a financial and cultural center that symbolizes the modernization and rapid economic development of the country. Located on the east coast, where the Yangtze River meets the East China Sea, Shanghai is a global connection point, home to the largest container port in the world and one of the busiest airports in Asia. The city stands out for its bold architecture, which combines futuristic buildings, such as the Shanghai Tower, where TATICCA partners had the opportunity to visit and participate in an event with businessmen and executives from the region.
As the largest financial center in China and one of the most influential in the world, the city is home to the Shanghai Stock Exchange, which is one of the largest and most important in Asia, and a series of special economic zones and industrial parks that attract foreign investment. The city has a developed financial services sector and serves as a hub for multinational banks and insurance companies, as well as being a hub for multinationals in the technology (including digital economy, startups and R&D projects), consumer and advanced manufacturing sectors.
Shanghai has a growing relationship with Brazil, especially in the trade of commodities, such as soybeans, iron ore, oil, and meat, which are highly demanded by the Chinese economy. In addition, the city offers opportunities for Brazilian companies in various sectors, which find a diversified consumer market with a great appetite for foreign products. Shanghai also hosts a series of international trade fairs and events, such as China International Import Expo , where Brazilian companies can expand their presence and visibility in the Chinese market.
Our partners spent 3 busy days in Shanghai, having the opportunity to visit and test drive Jidu, an automotive company in the Geely group, specializing in autonomous vehicles with advanced technological features. They also had the opportunity to deepen their knowledge of relations between foreign companies and China during a visit to the American Chamber of Commerce in Shanghai - AmCham, with a presentation by President Eric Zheng.
“We were thrilled with the business opportunities between Brazil and China and as companies Full service how TATICCA Allinial Global can contribute significantly to strengthening these ties”, commented our partner Ricardo Massera.
