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  HOME | Brazil (Click here for more)

Beijing Says Brazilian President’s Visit Will Benefit Economy

BEIJING – China’s foreign minister Wednesday expressed hope that China and Brazil will seal important economic agreements during the Brazilian president’s state visit.

Wang Yi said at a press conference that Brazil was facing some temporary difficulties domestically but that he was confident that there will be greater consensus and efforts to rise above these problems and that the vitality of Brazil will be re-energized.

The foreign minister said that President Xi Jinping would hold meetings with his Brazilian counterpart Michel Temer on Friday, and the Latin-American leader would also meet other leaders in Beijing.

Temer will then go to Xiamen in southeast China, to participate in a BRICS summit of major developing countries.

“We have different national circumstances but our shared mission is to step up cooperation for common development and prosperity,” Wang said while talking about the different economic situations of the bloc’s members.

Temer is expected to present to China and the rest of the emerging powers the large-scale privatization plan with which he intends to deal with the Brazilian economic crisis.

His main aim is to attract capital from China, already the largest investor in Brazil.

The Latin-American country is planning to privatize 57 government assets including airport terminals and power grids.

 

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