Hundreds of millions of dollars in loans will be made available to Brazilian companies in areas such as renewable energy and sanitary landfills.
Lusofonia
The move is bound to upset Beijing, which has been investing billions of dollars in Portugal in sectors from energy to banking and insurance.
Lusophone exports to China rose by almost 2 percent, while Chinese exports to the Portuguese-speaking world rose by more than 7 percent.
Marcos Galvao said that Brazil was ready to ‘move ahead’ on cooperation with Beijing in a range of fields, from education to the environment.
The Chinese-built Caculo-Cabaca Hydropower Station will be the third largest in Africa on completion and is expected to begin operations in 2026.
Hundreds of tons of rice will be distributed to nursing homes, hospitals, civil society organisations and other social institutions.
Research cooperation between Brazilian and Chinese enterprises can be expected to increase in the coming years as ties between the two countries strengthen.
Brazil is one of the most active cloud markets in Latin America, with cloud adoption in the country increasing nearly 40 percent since 2019.
The African nation’s trade minister says it wants to ‘attract more Chinese investment and take advantage of the opportunities that are offered’.