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China-Brazail comprehensive strategic partnership is at an all-time high, particularly in trade and investment, Temer said in his speech.

Chinese State Councilor and Foreign Minister Wang Yi (L) and Burkina Faso's Foreign Minister Alpha Barry attend a press conference in Ouagadougou, Burkina Faso, Jan 4, 2019. [Photo/Xinhua]

China's visionary leadership has ensured a remarkable ascent for its political and economic fortunes. Through economic innovation in the early 1980s, China reestablished itself with strength and dignity. The 1978 reforms and opening-up helped the country to become the world's largest economy in 2014, surpassing the United States in terms of GDP based on purchasing power parity. PPP is a method used to determine the relative value of two currencies.

China's total outstanding loans for small enterprises surged to their highest level in Asia in May, at 10.3 trillion yuan (.5 trillion), a 21 percent increase from a year earlier, 5.8 percentage points higher than at the end of 2018, according to data from the People's Bank of China.

China's top envoy in Brazil said his country was willing to work with Brazil to promote the continued development of their comprehensive strategic partnership based on mutual respect, equality and benefit.