Investiments

Chinese investments in Brazil now focused on infrastructure, energy: paper

Chinese investments in Brazil have shifted from industry to those two sectors, which have powered China's development in the past years, the paper said.

Want China Times
17/04/2015 20:31
Visualizações: 1425 (0) (0) (0) (0)

Chinese investments in Brazil are now focused on infrastructure and energy sectors, Brazilian daily O Globo reported Tuesday.

 

Chinese investments in Brazil have shifted from industry to those two sectors, which have powered China's development in the past years, the paper said.

 

Chinese investors are deeply interested in railways and "all the large railways groups in China want to operate in Brazil," the paper quoted Guilherme Billi, head of the trade promotion sector at the Brazilian embassy in Beijing, as saying.

 

Chinese investments in Brazilian railways are regarded as a win-win scenario because Chinese companies will benefit from the investments and will, at the same time, boost Brazil's logistics, facilitating the transportation of Brazilian goods to China. Transportation logistics is considered one of Brazil's main problems when it comes to exports.

 

Chinese investments in Brazil increased with the two countries' approximation in recent years. China and Brazil are both members of several blocs, such as BRICS. China has been Brazil's largest trade partner since 2009.

 

According to O Globo, Brazil is so interested in Chinese investments that its National Transports Confederation set up an office in Beijing last year.

 

Besides the interest in railways, Chinese presence in other parts of Brazilian transportation increased as well. Chinese company BYD is set to enter the electric bus market, and in Rio, both the subway and the urban train fleets are being renovated with the purchase of Chinese products.

 

Chinese companies are also involved in the oil exploration in Brazil. The consortium which won the right to explore Brazil's largest pre-salt oil camp, Libra, has two Chinese companies — CNOOC and CNPC, along with Total, Shell and Brazil's own state-controlled oil giant Petrobras.

 

Although Brazil is going through an economic crisis, Chinese investments are not expected to dwindle, according to economist Luis Afonso Lima, head of the Brazilian Society for Transnational Companies and Globalization Studies (Sobeet), who told O Globo that Chinese investments in Brazil tend to increase in the medium and long-terms.

 

"China is a relatively new investor in Brazil and the investments tend to increase," he said.

Most Read Today
see see
FIRJAN
At the Launch of the Rio Oil Yearbook, Business Leaders ...
13/06/25
Permanent Offer
ANP to Hold 5th Cycle of the Permanent Concession Offer ...
13/06/25
Award
Unique Group Celebrates Prestigious Wins at 2025 cHeRrie...
13/06/25
Business
ANP to Hold Public Consultation and Hearing on Update of...
12/06/25
RenovaBio
ANP Approves New Regulation for Biofuels Certification
12/06/25
E&P
ANP Approves Resolution Establishing Requirements for Fu...
12/06/25
Bahiagás
Luiz Gavazza Highlights Bahiagás’ Expansion and Bahia’s ...
12/06/25
Event
SP Offshore 2025: Second Edition Boosts a New Phase for ...
12/06/25
Bahia Oil & Gas Energy 2025
Innovation in Its DNA: How Comquality Is Revolutionizing...
04/06/25
Bahia Oil & Gas Energy 2025
Oil States Showcases Commitment to Innovation and Energy...
04/06/25
Permanent Offer
Permanent Offer Auction Notice and Environmental Licensi...
04/06/25
Environment
Supergasbras Expands Actions to Reduce CO₂ Emissions in ...
04/06/25
Sergipe Oil & Gas 2025
Sergipe Oil & Gas 2025 Launched with Focus on Innovation...
04/06/25
Marginal Fields
Fiscal Measures with Disproportionate Impact on Independ...
04/06/25
Investments
Transpetro launches tender to enter barge operation segment
30/05/25
Bahia Oil & Gas Energy 2025
Bahia Oil & Gas Energy surpasses 13,000 registrants and ...
30/05/25
Bahia Oil & Gas Energy 2025
Marquise Ambiental presents industrial waste solutions a...
30/05/25
Bahia Oil & Gas Energy 2025
Bahia Oil & Gas Surpasses Expectations and Strengthens I...
29/05/25
Bahia Oil & Gas Energy 2025
Petroborn Plans to Invest US$ 35 Million in Northeastern...
29/05/25
Bahia Oil & Gas Energy 2025
GBS Storage Discusses Unprecedented Natural Gas Storage ...
29/05/25
Pre-Salt
MODEC FPSOs Boost Oil and Gas Production, According to A...
29/05/25
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.

2