Brazil | Chinese companies invest USD1.343b in first half

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