Chinese Investments in Brazil topped 60 billion USD over last six years

Posted on November 27, 2012 • Filed under: Brazil, Business, China, Economy

Source Spanish: Clarin

According to a study by the Brazil-China Business Council, 44 Chinese companies, both public and private, have invested USD 68.4 billion in Brazil between 2007 and 2012. USD 24.4 billion of the investments are for projects that are still under development.
The investments include 60 projects related to natural resources, raw materials, services, mining, oil and technology.
Bilateral trade between both countries reached USD 78 billion this year and is estimated to increase.
Examples of such investments include Chinese company Sany, which will invest USD 200 million in a factory that will produce paving equipment.
Changan International has also invested in the construction of an automotive factory, set to initially produce 50,000 vehicles a year in 2014 and which will later reach production of 120,000 units per year.
Source: Clarín is a national newspaper based in Buenos Aires, Argentina, that covers domestic and international news. Read Article

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