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At a business summit in Brasilia, Premier1 Li Keqiang put forward the "Three Times Three" model to further promote SINO-Latin American cooperation in production capacity and equipment manufacturing.
He also proposed priorities for the construction of three passages for logistics, electricity, and information, in a bid to achieve inter-connectivity on the continent.
Also during his stay in Brazil, Li witnessed the groundbreaking for the Belo Monte power transmission project.
It will be built by China's State Grid2 Corporation and the first of its kind overseas using China's ultra high voltage transmission technology.
Mauricio Tolmasquim is head of Brazil Energy Research Company, which commissioned the project.
He says Chinese capability3 is impressive.
"We only hope the project will be completed as scheduled. It's one of our main requirements for contractors4. The State Grid is of great capability. We hope they can continue to bid for our projects in the future."
Tolmasquim's company also designs guidelines for the development of Brazil's energy industry.
He believes bilateral5 cooperation in developing power transmission capacity, solar power, wind energy, and oil drilling will gain momentum6.
Tolmasquim also expresses preference for Chinese firms.
"We are confident of Chinese technologies in the energy industry. It's important. And many Chinese enterprises have abundant funds, enabling them to invest abroad, while Brazil is in an urgent demand of investment that can't be met by domestic companies, so Chinese firms can take full advantage of their technologies and money."
Tolmasquim adds that Brazil not only needs China's equipment, but also hopes more Chinese enterprises, especially Chinese wind turbine makers7, set up plants in his country.
Premier Li Keqiang's trip came four months after President Xi Jinping pledged $250 billion in investment in Latin America over the next 10 years.
Highlights of the premier's visit also included an agreement on a joint8 feasibility study for a transcontinental railway and a multi-billion-U.S.-dollar currency swap9 pact10 with Chile.
Many local entrepreneurs expect the newly-reached agreements to create new points of growth on the continent, which has become an investment destination for China.
Bilateral trade between China and Latin America rose to over 260 billion U.S. dollars last year, compared with about 12 billion dollars in 2000.
China is Latin America's second-largest trading partner and third-largest investor11, with direct investment there approaching 100 billion dollars by the end of last year.
For CRI, I'm Guo Yan.
1 premier | |
adj.首要的;n.总理,首相 | |
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2 grid | |
n.高压输电线路网;地图坐标方格;格栅 | |
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3 capability | |
n.能力;才能;(pl)可发展的能力或特性等 | |
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4 contractors | |
n.(建筑、监造中的)承包人( contractor的名词复数 ) | |
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5 bilateral | |
adj.双方的,两边的,两侧的 | |
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6 momentum | |
n.动力,冲力,势头;动量 | |
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7 makers | |
n.制造者,制造商(maker的复数形式) | |
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8 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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9 swap | |
n.交换;vt.交换,用...作交易 | |
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10 pact | |
n.合同,条约,公约,协定 | |
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11 investor | |
n.投资者,投资人 | |
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