China, Brazil to expand cooperation in production capacity, investment: ambassador

BRASILIA -- Chinese Premier Li Keqiang's upcoming official visit to Brazil will allow the two countries to boost cooperation in production capacity and investment for mutual benefit, says China's ambassador to Brazil.

The premier's visit, which starts Monday, and meeting with Brazilian President Dilma Rousseff should mark the beginning of a new stage in the development of bilateral relations, Ambassador Li Jinzhang told Xinhua in a recent interview.

This new stage in China-Brazil ties responds to the two nations' common need to spur development amid challenges posed by the difficult global economy, he said.

The visit by the premier, who will be accompanied by a sizeable trade mission, comes less than a year after Chinese President Xi Jinping's visit to Brazil, during which more than 50 bilateral accords were signed.

It carries major significance to the China-Brazil comprehensive strategic partnership, the ambassador noted.

"The main objective of this visit is to fully raise the level of cooperation between the two countries in various fields and promote interaction in development strategies with an eye to achieving mutual benefit," he said.

During the premier's visit, one of the main topics on the agenda will be expanding bilateral cooperation in production capacity and investment, which can turn into a new bright spot in bilateral ties, the senior diplomat added.

The two countries are expected to sign accords in such fields as politics, economy, trade, finance, agriculture and culture.

China, he said, has entered a more advanced stage of industrialization, which requires certain adjustments to its development process, a situation that has found complementarity in Brazil.