Brazil has a huge consumer market but the country is lacking credit to activate this model. "That's why the government is encouraging investments," he added.
Liu Mingkang, Distinguished Fellow from Hong Kong-based Fung Global Institute, said China's concern right now is about its falling rate of growth.
"From more than 10 per cent a year ago to 9 per cent and now about 7 per cent. This coming year we may be slowing a bit more. This is a fact. But people in China have reached a conclusion that there are projects that are not economically viable and the income streams need to be widened.