China extends hand to Brazil’s economic plans in Temer’s visit

China and Brazil signed on Friday 14 cooperation agreements, some of them for the construction of railway, nuclear and electric projects in Brazil with Chinese investment, after the meeting in Beijing of the presidents of both countries, Xi Jinping and Michel Temer.

Xi received Temer with a military ceremony at the entrance to the Great Hall of the People, seat of the Chinese Legislature, west of Tiananmen Square, and after a one-hour meeting, the two rulers signed these agreements.

Among them, the Bank of China Development and BNDES signed a US $ 3 billion credit line and signed by China Communication and Construction for the construction of a terminal in the Port of São Luís (an investment of US $ 700 million), and the US $ 300 million loan between Eximbank and Banco do Brasil.

In addition, Chinese investment in various infrastructure projects, such as the Bamin-Fiol-Porto do Sul railway line, with the participation of CREC, and the works for the high-voltage transmission line between the Xingu and Rio de Janeiro have been confirmed. January, in which the state-owned stateGrid will work.

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Another project with participation is the Angra III nuclear plant, in which will be present the company China National Nuclear Corporation.

Memoranda have also been prepared to facilitate the issuance of tourist and business visas, which will allow the film co-productions between both countries and cooperation agreements in football (between the two national federations) in e-commerce, health and food safety.

At the signing of the agreements, among others were the Ministers of Foreign Affairs, Aloysio Nunes Ferreira, and Industry, Foreign Trade and Services, Marcos Pereira.

The agreements, as well as Temer’s visit to Beijing, “raise coordination between Brazil and China to a new level,” said Zhang Run, deputy director general for Latin America and the Caribbean at the Ministry of Foreign Affairs Chinese.

In remarks to the press, Zhang recalled that this is the second meeting between the two presidents, following a year ago in Hangzhou (East China) at the G20 summit, and stressed the importance of the ties between the two countries, “the largest developing countries in both hemispheres. ”

Xi and Temer agreed today that in the face of a climate of global uncertainty, the two powers “should strengthen unity and coordination and jointly face the challenges of transforming Sino-Brazilian cooperation into a model of ties between economies emerging “.

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The two presidents underscored the need to coordinate the Chinese plan for the New Silk Road Routes, which seeks to build telecommunications and infrastructure works worldwide, with Brazil’s new development plan, which Temer will present in more detail this Saturday to Chinese entrepreneurs. different sectors.

Temer, who also traveled to China to attend the Brics summit, to be held from September 3 to 5 in Xiamen, was also hosted by Chinese Prime Minister Li Keqiang and the Chairman of the Advisory Power, Yu Zhengsheng.

The purpose of the Brazilian government is to present in China the recently announced national privatization and public works program, which seeks to end two years of economic recession and consolidate the timid recovery of recent months.

“Brazil is back on the road to recovery, with many positive indicators, and the Chinese side expects this growth to continue,” said Zhang.

The Chinese official recalled that in the first half of this year, bilateral trade grew by 30.6% and that China has invested more than US $ 30 billion in Brazil, which has become the main Latin American destination of Chinese capital, surpassing Venezuela.

Zhang avoided claiming that Brazil replaced Venezuela in the focus of Chinese companies because of the political crisis in Caracas, and pointed out that economic cooperation with Latin America “is not prone to momentary changes.”

“We will continue to participate actively with the countries of Latin America, including Brazil and Venezuela, and contribute to social development to be a positive influence for regional peace and stability,” he concluded.