China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China is helping to spur Brazil's development by lending a helping hand to the country's infrastructure sector, said Brazilian Vice President Geraldo Alckmin on June 6 in Beijing

The Brazilian vice president paid an official visit to China from June 4 to 8 at the invitation of Chinese Vice President Han Zheng.

During his visit, Alckmin met with Chinese President Xi Jinping on June 6. Xi said at their meeting that China and Brazil share broad strategic interests as major developing countries and important emerging markets.

Noting that the Brazilian government is committed to inclusive and sustainable development, Alckmin said Brazil is willing to enhance synergy of its development strategies with that of China, welcomes more Chinese enterprises to invest in Brazil, and looks forward to strengthening cooperation with China in such fields as infrastructure construction, agriculture, mining, new energy vehicles, climate change and other fields.

In an interview with the China Central Television (CCTV), the Brazilian vice president said Chinese companies have given Brazil a leg up to the country's infrastructure sector.

"Brazil has launched a new version of its 'growth acceleration' plan to focus on infrastructure construction. We are expanding Brazil's rail system to cover passenger and freight transport in metropolitan areas as agricultural production areas are usually far away from ports and we need to transport the farm products to ports. Chinese companies have already participated in this field. China Railway Rolling Stock Corporation (CRRC) has built trains and railways in Brazil, and there will be many opportunities for railway companies to do business in Brazil. We will make significant investments in logistics, railways, airports, roads and energy, which will also create many opportunities," he said.

During the interview, Alckmin also talked about climate change which threatens the world including Brazi, saying his country is taking measures to grapple with it.

"We are facing a serious problem -- climate change. Brazil boasts the largest tropical rain forest in the world, the Amazon. Next year, the next United Nations climate change conference will be held in the Amazonian city of Belem. We must be prepared for extreme climate events and cities must possess the ability to deal with them. We need to invest in high-quality infrastructure, safe housing and basic sanitation, and strive to build smart and resilient cities that can cope with the challenges of climate change, whether it is drought, heavy rains or other extreme weather," he said.

China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China helps to promote Brazil's development with infrastructure construction: Brazilian vice president

China on Saturday expressed serious concern and firm opposition to new U.S. outbound investment restrictions, saying that it will closely follow relevant developments and reserve the right to take all necessary measures.

The statement made by a spokesperson for the Ministry of Commerce came in response to a media query regarding the U.S. Treasury Department's updated proposed rules on outbound investment released on Friday.

In the statement released on the ministry's official website, the spokesperson said that the proposed rule expands the scope of investment restrictions targeting China in a discriminatory manner and intensifies these constraints, which is a classic example of generalizing the concept of national security and runs counter to the important consensus reached by the two heads of state.

It also interrupts normal economic and trade cooperation between Chinese and U.S. enterprises, and undermines the international economic and trade order, the spokesperson added.

Highlighting China's enormous market and immense consumer and investment potential, the spokesperson emphasized that investing in China means investing in the future.

U.S. restrictions on investments in China not only hinder bilateral economic and trade cooperation, but also harm the interests of American enterprises themselves, the spokesperson noted.

China urges the U.S. side to respect the laws of a market economy, stop overstretching the concept of national security, stop politicizing and weaponizing trade and economic issues, and create an enabling environment for China-U.S. business cooperation, said the spokesperson.

China firmly opposes US discriminatory investment restrictions: spokesperson