Brazil hopes to have closer, more dynamic cooperation with China and attract more Chinese investment as it hosts the 2014 World Cup and 2016 Olympic Games, a senior Brazilian official in charge of trade and investment told a forum at the Brazil Pavilion this afternoon.

The forum, "Invest in Brazil - Business opportunities on World Cup 2014 and Olympic Games 2016," provided a platform for Brazilian trade and investment officials and entrepreneurs in infrastructure, real estate, tourism and construction to promote their advantages to their Chinese counterparts.

Brazil welcomes investment from Chinese companies, particularly in the infrastructure and real estate development, said Ricardo Schaefer, vice president of Brazilian Trade and Investment Promotion Agency, adding that investment in infrastructure and logistics will help bring Brazilian minerals and farm products to China.

Brazilian laws and regulations protect the interests of foreign investors, he said. The return on investment in Brazil's commercial buildings such as hotels is about 15 to 18 percent, in residential projects 25 to 30 percent, said Paulo Simao, president of the Brazilian Chamber for the Construction Industry.

The two emerging economic powers, China and Brazil, have witnessed expanding trade volume and close cooperation in recent years. Bilateral trade hit US$36.9 billion in 2009, almost quadrupling the figure in 2004, making China the largest trading partner of Brazil.

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