Brazilian President Michel Temer and a party of Brazilian government ministers and businesspeople are beginning a visit to China to woo Chinese investment in Brazilian state-owned companies he means to sell, Agence France-Presse reports.
The French news agency says Mr Temer has announced his intention to privatise 58 state-owned companies, ranging from the operator of Congonhas airport in São Paulo to electricity supplier Eletrobras.
“We hope China will be interested in taking a stake in these concessions and bringing capital to Brazil,” the report quotes Mr Temer as saying in an interview broadcast on Chinese state-run television. “It will be very useful to us.”
While in China, Mr Temer is due to attend a meeting of the heads of government of Brazil, Russia, India, China and South Africa, Agence France-Presse says.