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Alckmin meets Xi Jinping, announces deals worth 24.6 billion reais

Alckmin meets Xi Jinping, announces deals worth 24.6 billion reais
Alckmin meets Xi Jinping, announces deals worth 24.6 billion reais


The Vice-President of the Republic with the Chinese President, Xi Jinping. Photo: Disclosure – MDIC

The funding is intended for the country's infrastructure and the reconstruction of RS. The Chinese president said that China and Brazil are partners and brothers who move forward together with the same will and aspiration.

Vice President and Minister of Industry Geraldo Alckmin met with Chinese President Xi Jinping and said the country's anti-hunger and economic development policies are a source of inspiration for Brazil.

During his trip to China, Alckmin signed credit agreements worth 24.6 billion reais for investments in infrastructure and for the reconstruction of Rio Grande do Sul.

Geraldo Alckmin declared, during his meeting with Xi Jinping, that investments in infrastructure were a priority for the Lula government.

Chinese President Xi Jinping said that China and Brazil are partners and brothers who move forward together with the same will and aspiration.

“As important developing countries and emerging economies, the ties between China and Brazil go far beyond the scope of bilateral relations and provide a model for promoting solidarity and cooperation among developing countries, as well as for peace and stability in the world, he added.

The Ministry of Finance and the Asian Infrastructure Investment Bank (AIIB) signed a credit agreement of up to 5 billion reais for the reconstruction of Rio Grande do Sul, hit by heavy rains. An additional 5.7 billion reais will be financed by Brics Bank (NDB) for RS.

I am sure that the reconstruction of the state will be greater than the destruction, commented Vice President Alckmin.

The Chinese Development Bank (CDB) has granted 4 billion reais in credits to the National Bank for Economic and Social Development (BNDES) for use in infrastructure projects across the country. The agreement also provides 3.6 billion reais for BNDES investments.

Banco do Brasil will have access to 2.5 billion reais from the Export and Import Bank of China (Eximbank) for actions aimed at strengthening trade and bilateral cooperation between Brazil and China.




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