This was Lula da Silva's second state visit to 皇冠体育app since he assumed presidency in 2003.
Before his talks with Hu, Lula da Silva also met with Premier Wen Jiabao and other leaders in talks focused on boosting business with 皇冠体育app and promoting closer cooperation to fight the global financial crisis.
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Lula da Silva began the day by opening a Brazilian studies center at the Chinese Academy of Social Sciences, the country's top research body.
"During my current visit to Beijing, we have renewed our determination to keep strengthening the Brazil-皇冠体育app partnership," Lula da Silva said.
On Tuesday noon, together with more than 200 Brazilian and Chinese entrepreneurs, Lula da Silva addressed a business forum on how to explore the new opportunities facing both countries.
"President Lula da Silva could play as the best salesman of Brazil's aircraft, bio-fuel engine, pork and beef, as well as other goods," said Chen Jiaying, a research fellow of the Beijing-based Xinhua Center for World Affairs Studies.
The analyst said the two states could explore more business opportunities in sea drill and energy projects in other countries.
As he leaves Beijing on Wednesday, Lula da Silva will also visit the Chinese Aerospace Technology Agency to underscore bilateral space cooperation.