China and Brazil - two champions of economic globalization - will create jobs, two-way trade and investment opportunities in the next stage of their partnership boosted by the development of political ties and the Belt and Road Initiative, said officials and experts.

Trade between China and Brazil totaled $73.42 billion in the first eight months of this year, a jump of 3.1 percent year-on-year. Brazil remained China's largest trade partner in Latin America, data from the General Administration of Customs show.

China exports mainly construction machinery, manufacturing equipment, electronics, textiles, garments and household appliances to Brazil. In addition to agricultural and mining products, Brazil's shipments to China include passenger aircraft, timber, steel, cotton and organic chemicals.

He added that most of their imports are complementary so there is not direct competition.

In addition to importing large sums of raw materials from Brazil, he said Chinese companies have also invested heavily in infrastructure. This includes hydropower facilities, construction machinery and automobile production in Brazil over the past decade.