A leading figure in a Brazilian think-tank, the Getúlio Vargas Foundation, has said the Chinese Belt and Road initiative will mean new opportunities to develop Latin American countries such as Brazil, the Global Times reports.
The Chinese state-run newspaper quotes the head of the Getúlio Vargas Foundation Centre for Brazil-China Studies, Evandro Menezes de Carvalho, as saying in an interview, published on Wednesday: “Brazil and Latin America are looking for Chinese investments.”
He said business opportunities may arise from the inadequacy of Brazilian infrastructure “that promotes the integration of the country in a more efficient and cheaper way”.
Nearly 300 Chinese companies already operate in Brazil, and Sino-Brazilian trade was worth US$101.9 billion in the first 11 months of last year, 27.1 percent more than in the corresponding period the year before, the Global Times says.
