CHINA Brazil welcomes Chinese investment in infrastructure

CHINA

Brazil welcomes Chinese investment in infrastructure

Xinhua

21:31, November 07, 2019

85fd5933-1328-4d41-8070-52144e85e7ae.jpg

File photo: CGTN

SHANGHAI, Nov. 7 (Xinhua) -- A Brazilian trade official said Chinese investment is welcome in Brazil, especially in infrastructure construction.

Sergio Segovia, president of the Brazilian Trade and Investment Promotion Agency, said Brazil is working on a massive investment plan covering infrastructure projects including railways, airports, ports and public medical services, needing a total of about 1.2 trillion reals (294 billion U.S. dollars).

Chinese enterprises, as well as companies from other parts of the world, are welcome to invest in these projects, Segovia said during an interview with Xinhua at the ongoing second China International Import Expo (CIIE) in Shanghai.

China and Brazil should further enhance their economic and trade relations, which have been fruitful and mutually beneficial, he said.

Upbeat about the prospect of the Chinese market, Segovia said it is a market of strategic importance to Brazil.

He said the first CIIE has helped Brazilian enterprises have a better understanding of the Chinese market, and "we have high anticipation for the second CIIE."

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue