Cooperation

China-Brazil infrastructure cooperation mutually beneficial: experts

ShangaiDaily.com
25/01/2016 13:18
Visualizações: 1029 (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
Company News
Prime Energy expands operations in Minas Gerais
06/05/25
OTC Houston 2025
Brazil Brings the Largest Foreign Delegation to Oil and ...
05/05/25
OTC Houston 2025
IBP Featured in OTC Houston 2025 Lineup
05/05/25
OTC Houston 2025
To showcase Rio de Janeiro’s energy potential, Firjan ar...
05/05/25
OTC Houston 2025
Petrobras participates in OTC 2025, in Houston (USA
05/05/25
OTC Houston 2025
MODEC Group Professionals to Be Honored at OTC 2025
05/05/25
International Company News
TVO Adds to Global Business Development Team
01/05/25
Ethanol
Sugarcane production estimated at 663.4 million tons for...
30/04/25
OTC Houston 2025
Brazilian industry to attend OTC 2025 aiming to expand i...
30/04/25
Carbon Capture
Impact Hub and Tencent launch program offering up to 1 m...
30/04/25
International
Petrobras presents investment opportunities in the naval...
30/04/25
Results
Petrobras production grows 5.4% and reaches 2.8 million ...
30/04/25
Carbon Reduction
Report: Baker Hughes Achieves Nearly 40% Reduction in Op...
29/04/25
Natural Gas
Comgás launches public call for natural gas acquisition
29/04/25
Royalties
Values related to February production under concession a...
29/04/25
Biogas
TBG develops Biogas Hub project to boost biofuel integra...
29/04/25
OTC Houston 2025
OTC 2025 Announces Emerging Leaders Class
25/04/25
OTC Houston 2025
Renown Deep-Sea Diver Chris Lemons to Speak at OTC 2025
15/04/25
SPE
Sustainability in the Oil and Gas Industry
15/04/25
Energy Efficiency
Foresea Develops Technologies to Reduce Emissions and In...
14/04/25
Permanent Offer
ANP Announces Sectors to Be Offered in the 5th Cycle of ...
14/04/25
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.