Cooperation

China-Brazil infrastructure cooperation mutually beneficial: experts

ShangaiDaily.com
25/01/2016 13:18
Visualizações: 1877 (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
see see
People
Mario Ferreira is the New Commercial Manager at Wiz Corp...
11/02/26
Macaé Energy
Macaé Hosts Strategic Energy Fair Focused on Business Ge...
28/01/26
Macaé Energy
Macaé Energy 2026 Anticipates Major Debates and Begins C...
27/01/26
Visas Agreement
Brazil implements electronic VISIT Visa for Chinese citizens
22/01/26
Biofuels
Sifaeg Highlights New Investment Cycle and the Consolida...
21/01/26
Drilling
Foresea’s Norbe IX Drillship Undergoes Scheduled Mainten...
21/01/26
State of Ceará
Companies from Ceará lead the H2MOVER-Pecém project, sel...
08/01/26
Maritime Support
Ambipar carries out more than 600 port and maritime emer...
07/01/26
Petrobras
Petrobras celebrates 20 years of the Santos Basin Unit
07/01/26
Pelotas Basin
TGS launches maritime safety application for operations ...
07/01/26
Diesel
Petrobras and Vale move forward with fuel supply partnership
07/01/26
ANP
In November, Brazil produced 4.921 million boe/d
07/01/26
Offshore Operations
Crew training and connectivity are the true enablers of ...
23/12/25
Recognition
IBP Wins the “Events Oscar” Once Again with ROG.e 2024
11/12/25
FIRJAN
Rio Could Generate 676,000 New Jobs by Stimulating Nine ...
11/12/25
Inland Navigation
Grease-Free Revolution in Latin America’s Workboat Sector
10/12/25
PPSA
Production-Sharing Contracts to Produce 2 Million Barrel...
10/12/25
Recognition
National Public Transparency Program Grants Transpetro I...
10/12/25
Logistics
Transpetro expands its logistics operations with the int...
09/12/25
Auction
PPSA raises around R$ 8.8 billion from the sale of the F...
08/12/25
PPSA
Petrobras announces results of PPSA’s Non-Contracted Are...
08/12/25
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.