At the event, "Digital Technology and China Regulatory Framework", convened by the Brazilian Center for International Relations (CEBRI), in partnership with the Brazil-China Business Council (CEBC) and Veirano Advogados, Ricardo Geromel, from 3D Radar, revealed that 21% of applications downloaded by Brazilians are Chinese.

According to the former Ambassador of Brazil to China and Member of CEBRI's International Advisory Board, Marcus Caramuru, excessively restrictive regulation in China and the lack of knowledge about the country in the West, however, make it difficult to expand business between the two countries. "In general, Chinese regulation is so strict that it ends up inhibiting the market. On the other hand, cultural differences between China and Western countries, the lack of knowledge about the Chinese reality, and the distrust that this generates inhibit the growth of China's digital economy in the world," he pointed out.

The Vice-President Emeritus of CEBRI and President of the Brazil-China Business Council, Ambassador Luiz Augusto de Castro Neves, highlighted that finding a balance between the physical world and the digital world is a great challenge for many countries. International security issues are related to digital technology, development, and economic interests. "Nowadays, tech companies have a lot of power and we need to find ways to reconcile the demands of the physical and digital worlds," he stressed.

Click HERE to watch the event.