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Volume 10 No. 25
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Chinese Firms Asked To Chase Sports, Infrastructure Deals In Brazil

The Chinese government is encouraging domestic companies to "grab investment opportunities in Brazil by getting involved in the nation's infrastructure-related industries," according to Zheng Yangpeng of the CHINA DAILY. Ministry of Commerce's Foreign Trade Department Dir Wang Shouwen said, "Brazil is preparing for the World Cup in 2014 and the Summer Olympics in 2016, which is creating tremendous demand for infrastructure construction and consumer goods. This is a huge opportunity for China's competitive industries such as machinery, building materials, textiles and apparel" (CHINA DAILY, 10/17).