Cooperation

China-Brazil infrastructure cooperation mutually beneficial: experts

ShangaiDaily.com
25/01/2016 13:18
Visualizações: 1028 (0) (0) (0) (0)

Infrastructure cooperation between China and Brazil is mutually beneficial and should be further strengthened, experts say.

 

Brazil hopes to attract Chinese investment in highways, railways, ports, airports and other infrastructure projects, while the Chinese government regards infrastructure building key to bilateral cooperation, they say.

 

"The Brazilian government can count on infrastructure investment as a way to overcome the current economic recession, and promote economic and social development," Xie Wenze, a visiting scholar from the Chinese Academy of Social Sciences.

 

A 1-percent increase in infrastructure investment can raise Brazil's GDP by about 0.6 percent, he said.

 

Currently, bilateral infrastructure cooperation is mainly centered on one-off projects. Equity mergers and acquisitions around these projects are expected to bring long-term benefits for both sides, according to Xie.

 

Bilateral energy cooperation has yielded great results in recent years. China's State Grid Corp. has expanded its business in Brazil as a result.

 

"The experience of equity mergers and acquisitions on the part of China's State Grid Corp. could be promoted to other ... projects in railways, highways, ports and other areas," said Ivanildo Marcos Beltrao, a Brazilian company official.

 

To support cooperation projects between China and regional countries, the China-Latin American Cooperation Fund was launched in early January with a startup capital of 10 billion U.S. dollars.

 

A similar 10-billion-dollar fund was set up in September, 2015 to support China's investment in an array of medium- and long-term projects in Latin America.

Most Read Today
see see
OTC Houston 2025
ABEMI reinforces strategic presence at OTC 2025
09/05/25
OTC Houston 2025
Oil States stands out at OTC Houston 2025 with award-win...
09/05/25
Natural Gas
Petrobras and Portobello establish unprecedented partner...
09/05/25
OTC Houston 2025
Offshore Technology Conference 2025: Waves of Innovation...
09/05/25
OTC Houston 2025
At OTC Houston 2025, Firjan takes part in MoU signing be...
09/05/25
Santos Basin
Karoon completes acquisition of FPSO Cidade de Itajaí
08/05/25
OTC Houston 2025
Brazilian company gains recognition at OTC with pioneeri...
08/05/25
OTC Houston 2025
Technology from Brazilian company Vidya is being used in...
08/05/25
OTC Houston 2025
Tenenge and Enseada are present at OTC 2025 in Houston
08/05/25
Selic Rate
Selic Rate Hike to 14.75% Signals Risks to Industry and ...
08/05/25
OTC Houston 2025
A Sergipe delegation at the fair in the USA met with Pet...
07/05/25
RD&I
ouronova and Equinor develop robots to operate in FPSO tanks
07/05/25
OTC Houston 2025
Petrobras, IBP, Sinaval, and ApexBrasil promote new busi...
07/05/25
Offshore
Decommissioning of Fixed Platforms in Shallow Waters Att...
07/05/25
OTC Houston 2025
Vesper, a leader in industrial EX Fans and Exhausters, m...
07/05/25
Sergipe Oil & Gas 2025
SOG25 to Highlight Sergipe’s Oil and Gas Production Pote...
07/05/25
OTC Houston 2025
EPE destaca oportunidades de investimento no setor energ...
07/05/25
OTC Houston 2025
PPSA announces revision of the volume to be offered in t...
06/05/25
OTC Houston 2025
Fábio Mitidieri attends the opening of the Brazil Pavili...
06/05/25
Logistics
Vast completes 1,000th oil transshipment operation
06/05/25
Offshore Wind Energy
Brazil and the Netherlands promote seminar on offshore w...
06/05/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.