Temer: BRICS is economically and politically stronger

In an interview with Chinese state television network CCTV, President Michel Temer highlighted the strengthening of the BRICS (Brazil, Russia, India, China and South Africa) as a political and economic group. "People are interested in this organisation," Temer said.

In the interview, he explained that the creation of the BRICS development bank is an important milestone for its member countries. "I think it's an association that has yielded a lot of results; the countries all have the same posture and the same importance within the organisation," he said.

For the president, Brazil and China are going through similar moments - both with reformist agendas. "We have recently modernised labour laws, and it has been extraordinarily successful because it makes labour relations more flexible and, therefore, fights unemployment,” he argued.

Investments

The president also said he will take the opportunity discuss Brazil’s new investment portfolio of concessions and privatisations with President Xi Jinping. "We hope China will be interested in participating in these events, in the concessions that we are going to offer, which will naturally bring capital to Brazil," he said.