THE confirmed investment projects of Chinese companies in Brazil during the first half of the year totaled USD1.43 billion, an increase of 343 percent compared to $302.9 million reported in the same period of 2017, according to the Bimonthly Bulletin on Chinese Investments in Brazil for the May/June period.
The newsletter from the Office for International Affairs of the Ministry of Planning, Development and Management also said the figures disclosed for announced projects are relatively similar, with $286.49 million in the first half of 2018 and US$198.87 million in the same period of 2017.
From 2003 to June 2018, Chinese companies announced 161 investment projects in Brazil with a total investment of $71.5 billion, of which 102 projects worth $53.9 billion were confirmed.
Most focused on mergers and acquisitions or acquisition of concessions worth a total of $48.01 billion, while projects built from scratch were limited to 30, with a total investment of $5.95 billion.
In May June 2018, three projects were announced, with the highest value related to CPFL Geração de Energia (controlled by the China State Grid group), which won a lot auctioned by the National Electric Energy Agency (ANEEL), with a two-kilometer transmission line, a substation and 450 MVA of power located in Ceará, that represented an investment of US$2.02 million. MDT/Macauhub