Brazil looks to China for investment

Qiu Quanlin – China Daily, 10/18/2012

The Brazilian government’s stimulus package to increase its economy will create tremendous demand for Chinese products and investment, said Charles Tang, chairman of Brazil-China Chamber of Commerce and Industry.

The government of Brazil has planned $130 billion in its economy plan to build railways, highways, airports and ports, according to Tang.

“As one of the BRICs countries, Brazil has a very good relationship with China. And it always welcomes investments as well as products from China,” said Tang.

Tang made the remarks on Tuesday in Guangzhou, the capital city of Guangdong province, during the ongoing China Import and Export Fair, which is widely known as Canton Fair.

The chamber brings 200 to 300 Brazilian businesspeople to each session of the Canton Fair, according to Tang.

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