China News Service (CNS) recently reported that, in 2010, China became Brazil’s largest investor – up from the 20th in 2009. In 2010, the estimated total investment from China was US$12 billion. The amount invested between 2001 and 2009 was only US$213 million. Chinese investments in Brazil have focused on the energy, mining, steel, and oil industries. Brazil is planning to invest US$1 trillion over the next few years to prepare for the Olympics and the World Cup. China considers this to be an opportunity. Brazil’s Stock Exchange is working with Chinese stock exchanges to allow Chinese companies to do IPOs in Hong Kong and Brazil simultaneously. The Brazilian economy has demonstrated very strong growth in the past decade.
Source: China News Service (CNS), January 12, 2011