Brazilian envoy hails growing ties with China

Noting that China and Brazil are committed to deepening their ties, Marcos Galvao, Brazil's ambassador to China, highlighted the strong trade ties and mutual respect that have defined the partnership, calling for more investments from China. As this year marks the 50th anniversary of the establishment of diplomatic relations between China and Brazil, "President Xi Jinping's visit was the culmination of the celebrations that have been preceded by the visit of Brazil's Vice-President Geraldo Alckmin in June and by the holding of the high-level committee that we have between the two countries", Galvao said. "China and Brazil are both major countries," he told a forum last week organized by Renmin University of China's Chongyang Institute for Financial Studies. The Belo Monte phase II transmission project in Brazil — invested, constructed and operated by State Grid Corp of China — is the first overseas project to use Chinese ultra-high-voltage transmission technology, which enables power transmission from the north to heavy electricity usage areas. "We want China to play a role in our re-industrialization, particularly in energy transition and technology development, as we want a stronger, more competitive industry with more value-added products," he said, calling for increased investment from Chinese companies to enhance Brazil's industrial capabilities.