Xi Says Belt and Road Initiative “Highly Compatible” With Brazil’s Re-industrialization

Chinese President Xi Jinping said that the Belt and Road Initiative is highly compatible with Brazil’s re-industrialization policy.

Meeting with President of Brazil’s Chamber of Deputies Arthur Lira at the Great Hall of the People, Xi pointed out that during President Lula da Silva’s successful state visit to China this spring, they had a fruitful meeting and reached important common understandings on steering China-Brazil relations.

According to an official note, Xi saidd that the Belt and Road Initiative is highly compatible with Brazil’s re-industrialization policy and the new version of the ”Accelerated Growth Plan”, and can be synergized to boost the modernization drive of the two countries.

China To Deepen Practical Cooperation With Brazil in All Areas

China supports Brazil’s hosting of the G20 Leaders’ Summit and the Conference of the Parties to the United Nations Framework Convention on Climate Change next year, and is ready to strengthen coordination and cooperation with Brazil.

Xi Jinping emphasized that this year marks the 30th anniversary of the establishment of the China-Brazil strategic partnership, and next year the 50th anniversary of diplomatic ties between the two sides.

Lira congratulated China on successfully hosting the third Belt and Road Forum for International Cooperation. He noted that Brazil-China relations are in a good shape, and cooperation with China has vigorously promoted Brazil’s economic and social development and increased Brazil’s employment and production capacity.

China, Brazil Trade in Local Currencies for First Time

China’s success is of great significance to the world, and China has always been an important partner of Brazil in development. Brazil hopes to further synergize development strategies of the two countries, and the Brazilian Congress stands ready to step up exchanges with China’s National People’s Congress, and take the 50th anniversary of the establishment of diplomatic relations next year as an opportunity to promote Brazil-China relations to a new height.

Lira remarked that as the rotating president of the G20 next year, Brazil will step up communication and collaboration with China, and play its due role.

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