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During the leadership of its late iconic leader Hugo Chavez, Venezuela expanded its use of loan-for-oil agreements with China.
The incumbent president will face centrist Social Democracy Party candidate Aécio Neves in the second round on October 26.
The Chinese government has set an official growth target of 7.5 per cent for 2014.
Brazil is the third BRICS member to go to the polls this year after India and South Africa.
Economic belligerency from the Russia-Ukraine crisis should be resolved diplomatically.
The annual Russia-China Prime Ministers summit will be held on 13 October.
The latest statistics mark an achievement for the Obama administration, which has argued that it's economic policies are working.
Abe is struggling to maintain a balancing act as he tries to consolidate ties with Putin while toeing the G7 line on Russian sanctions.
The WTO handed down a ruling in 2009 in Brazil's favor.
The Occupy protestors in Hong Kong are threatening to occupy government buildings if the current chief executive does not resign.
