On June 27 local time, Chinese Vice Premier Wang Yang attended the Symposium of China-Funded Enterprises inBrazilin Sao Paulo during his state visit toBrazil. As one of the enterprise’s representatives present at the symposium, Wang Yansong, Vice President of XCMG, delivered a keynote speech.

In his speech, Wang gave a detailed introduction of XCMG’s investments and operation inBrazil, as well as concerns and considerations for further development. XCMG is currently the largest and most advanced China-funded enterprise inBrazil. The vice president has pledged to seize the opportunities of bilateral economic and trade exchanges, build high-end brands of made inChina, and promote the faster and better development of the Brazilian economy.

Vice Premier Wang Yang expressed that in recent years, under the overall background of development of China-Brazil relations, the investments of Chinese enterprises in Brazil has seen rapid growth in its scale, continuous expansion in its fields, and increasing improvement in its level, pushing China-Brazil investment and cooperation onto “a fast track”.ChinaandBrazilboast strong economic complementarities, with broad prospects for cooperation in production capacity, infrastructure, agriculture, energy and other fields. Relevant departments should energetically support the growth of Chinese enterprises inBrazil, accelerate the implementation of supporting policies for corporate financing, and endeavor to improve services to enterprises. Meanwhile, the enterprises should cast a long view, forge ahead, foster the consciousness for the best, and fulfill social responsibilities with good will, in a bid to achieve mutual benefits and win-win results of China-Brazil relations.