Wang min meets with the governor of MG state of Brazil: xugong will make every effort to promote local economic recovery and sustainable development

On January 7, local time, during his visit to Brazil, chairman wang min held friendly talks with governor Romeu Zema Neto in bello, capital of MG state, and reached consensus on the development of XCMG Brazil bank and XCMG Brazil industrial park in the local area.

Wang first expressed his gratitude to the MG government and Mr. Zema for their long-term support for XCMG's development in Brazil.

Wang min said that XCMG has always been firmly committed to the development of confidence in Brazil, firmly promote the local strategy, continue to meet the needs of the local market and economic construction. XCMG Brazil bank, approved for establishment on October 23, 2019, is a tangible embodiment of XCMG's roots in and services to Brazil. XCMG Brazil bank is headquartered in bauso, MG state, which reflects XCMG's trust in the new MG state government and confidence in the economic recovery and sustainable development of MG state.

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At the same time, XCMG will actively promote the introduction of more Chinese enterprises into MG state development. Xugong Brazil industrial park is the first Chinese industrial park in Brazil, and several Chinese industrial enterprises will be introduced in the next three years to contribute to the economic development of MG state. Wang also hopes that the MG government can attach great importance to the construction of the industrial park, provide preferential tax policies for the industrial park and optimize the administrative approval process.

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Governor Zema expressed his sincere congratulations on the approval of the establishment of XCMG Brazil bank. He believed that XCMG would seize the opportunities in Brazil, build a solid foundation and better drive the local economic development, and expressed his sincere support for the development of XCMG Brazil bank.

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Zema governor spoke highly of xugong Brazil over the years insist on corporate social responsibility, and actively integrated into the local social life, such as poor, especially the vale in January 2019 after the events of the tailings dam in Brumadinho city, MG, xugong Brazil's rapid response, materials, machinery, equipment, donations to the disaster area support life reflects the strong sense of social responsibility, by local government and the people's respect.

During the meeting, wang min also extended a sincere invitation to the governor, welcoming him to China for exchange and visit, so as to attract more enterprises to invest and develop in Brazil.

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After the talks, wang also met with Sé, President of MG state development bank. Rgio Gusmã Mr. O Suchodolski, the two sides had a candid and in-depth exchange of views on mutual trust and cooperation.

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Minas gerais state development bank & & NBSP; - BDMG, established on 21 September 1962, is the number one state development bank in Brazil and the leading bank in Brazil in terms of digitalization. It is committed to participating in economic development, supporting the municipal public sector as a state-owned listed financial institution, participating in investment projects, private companies of all sizes and business sectors.

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