Brazilian President Lula: Chinese investment has brought extraordinary contributions to Brazil

Brazilian President Lula expressed on the 8th in Braslia that Chinese investment has brought extraordinary contributions to Brazil. Lula said at an event hosted by the Brazilian Ministry of Mines and Energy that China has become Brazil's largest trading partner. When Western countries ignore Latin America and Africa, Chinese companies have accelerated their entry into the Brazilian market, bringing crucial investments and making extraordinary contributions to Brazil. Lula emphasized that the Brazilian market is open to all partners and is willing to cooperate with countries on the basis of mutual respect. At the event, the Brazilian government signed concession renewal agreements with 14 companies. The list of renewals includes the Chinese National Grid's Brazilian power company CPFL.