Video PlayerClose SAO PAULO, Dec. 2 (Xinhua) — As a Brazilian state with great potential, Sao Paulo welcomes investment from China, its main trading partner, an official said Wednesday. A virtual roadshow presentation was held for 23 Chinese companies and investment groups to present a 2021-2022 concession and privatization program, Julio Serson, the state’s secretary for international relations, told Xinhua in an interview. “We have presented the economic recovery plan for 2021 and 2022, and investment opportunities to Chinese companies and investment funds in the state of Sao Paulo,” said Serson. The plan foresees investment of up to 5 billion U.S. dollars in a program of concessions, public-private partnerships and privatization of 22 regional airports, roads, ports, rail lines and subways. “We spoke with representatives of companies that have already been established in Brazil,” Serson said. “Chinese entrepreneurs and investors reviewed the projects with great interest… It is a beneficial relationship for all parties.” “Sao Paulo, as Brazil’s largest state and economy, has opportunities in heavy infrastructure, urban mobility and information technology. Chinese companies based in Brazil know that there is legal security to invest,” he added. China, which is important to Brazil in geopolitics and technology, “has a lot… Read full this story
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