Chinese investors welcome in Brazil as long as they ‘create jobs, play by the rules’
- Companies ‘can’t arrive here and bring 100,000 Chinese people to work’, Vice-President Hamilton Mourao says
- Brazil’s position on US-China trade war ‘pragmatic and flexible’, official says
Brazil welcomes Chinese investment in infrastructure projects as long as investors create jobs and play by local rules, the South American country’s vice-president Hamilton Mourao said.
While campaigning last year, Brazilian President Jair Bolsonaro had warned that China was trying to “buy Brazil”, but he has since taken a more pragmatic approach. In a Wednesday interview in Brasilia, Mourao said Brazilian infrastructure was hindering productivity and Chinese investment was welcome as long as it followed local rules.
“A Chinese company cannot arrive here and bring 100,000 Chinese people to work in Brazil,” he said.
He said he did not speak about any particular projects during his trip to China, but that he saw room for Chinese investment in rail, road and port projects.