Brazil’s president in China seeking interest in privatisation programme

29 August 2017

The president of Brazil travels today to China, where he will remain until 5 September, on a trip that will be used to promote his country’s new privatisation programme among Chinese investors, indicate statements made to China’s state-owned CCTV.

The programme to privatise 57 state-controlled companies in Brazil includes Eletrobras, Casa da Moeda, Lotex, the subsidiary of Caixa Económica Federal for instant lotteries, concessions for 14 airports, among them Congonhas in São Paulo and Recife in Pernambuco, electric power lines and maritime terminals.

“We hope that China is interested in the privatisations we plan to implement and that we can attract capital to Brazil,” said Michel Temer, adding that Brazil is a safe country for Chinese investors.

President Temer will be accompanied to China by 40 Brazilian entrepreneurs. He recalled that Brazil is an important supplier of raw materials and food products to China, a “country which is our main trade partner.”

During the trip Temer will meet with Chinese President Xi Jinping and Premier Li Keqiang. He will also take part on 3 September in the BRICS (Brazil, Russia, India, China and South Africa) summit meeting in Xiamen in Fujian province.

Brazilian presidential spokesman Alexandre Parola said that during this presidential trip the two countries would sign agreements on infrastructures, health, culture and technology. (Macauhub)