国际英语资讯:Interview: Brazil major beneficiary of Belt and Road Initiative, says expert_时事

国际英语资讯:Interview: Brazil major beneficiary of Belt and Road Initiative, says expert

"Heavy investment by the government is very important to laying the foundation of this initiative, which is now more mature," he said. "The moment has come for private companies and banks to take advantage of this opportunity to do business and generate benefits."

He said he believes that the market forces of supply and demand within the context of globalization will prompt industrial, agribusiness, manufacturing and trade centers to be built along the Belt and Road, and gradually, greater interaction between such businesses will further expand the initiative.

Through the initiative, goods and services from different regions can be traded at lower logistical costs, he said, and more jobs are meanwhile created, technology promoted, and living standards improved, especially of the people previously marginalized by globalization.

Since its launch in 2013, the China-proposed BRI has involved more than 100 countries, making it a factor in promoting mutual benefit on a global scale and an important platform for international cooperation, said the academic.

In Brazil, researchers are closely following the developments of the BRI, he said.

China has remained Brazil's largest trading partner since it took the place of the United States in 2009. In 2018, bilateral trade hit a record 100 billion U.S. dollars, official data showed.