(Yicai Global) May 14 -- Chinese investment in Brazil hit more than USD1.3 billion over the first four months as companies looked to initiate more projects in the country during March and April.
Chinese firms pumped almost USD993 million into the South American nation over the last two months alone, according to data published on May 9 by the Brazilian Ministry of Planning, Budget and Management. The broad range of target sectors covered oil and gas, machinery equipment, education and retail.
“We hope to see more investment in greenfield projects (those which exploit undeveloped sites) and ones that bring in modern technology,” said Brazil’s Secretary of International Affairs Jorge Arbache.
China’s foreign direct investment into Brazil tallied USD127 billion over the past 15 years, encompassing 262 projects, the statement added.
Editor: James Boynton