Brazil welcomes Chinese investment in infrastructure

A Brazilian trade official said Chinese investment is welcome in Brazil, especially in infrastructure construction.

Sergio Segovia, president of the Brazilian Trade and Investment Promotion Agency, said Brazil is working on a massive investment plan covering infrastructure projects including railways, airports, ports and public medical services, needing a total of about 1.2 trillion reals (294 billion U.S. dollars).

Chinese enterprises, as well as companies from other parts of the world, are welcome to invest in these projects, Segovia said during an interview with Xinhua at the ongoing second China International Import Expo (CIIE) in Shanghai.

China and Brazil should further enhance their economic and trade relations, which have been fruitful and mutually beneficial, he said.

Upbeat about the prospect of the Chinese market, Segovia said it is a market of strategic importance to Brazil.

He said the first CIIE has helped Brazilian enterprises have a better understanding of the Chinese market, and "we have high anticipation for the second CIIE."