Brazil encourages China to invest in infrastructure

Brazil wants China to invest in infrastructure projects as long as investors create local jobs and comply with Brazilian rules, the country’s vice president, Hamilton Mourão, told Reuters in an interview. Mourão met with Chinese leader Xi Jingping in China last month as part of efforts to maintain close ties with Brazil’s main trading partner.

Mourão said that Brazilian infrastructure is hampering productivity and that Chinese investment is welcome as long as it follows local rules. “A Chinese company cannot get here and bring 100,000 Chinese to work in Brazil,” he explained. He added that he did not speak to the Chinese about any infrastructure projects in particular during his trip, but that he saw room for Chinese investments in rail, road and port projects.

On the trade war between the United States and China, Mourão described Brazil’s position as “pragmatic and flexible”, seeking to make decisions in the Brazilian interest without taking sides.

Source: Reuters

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