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The Latest Investments by the Chinese Were in Their Last Expedition Through the Country, in 2017, Where US$ 9 Billion Were Invested
Three years after the purchase of CPFL (a private electricity company), the interests of the Chinese are back. This time, the businessmen are eyeing companies involved in water treatment, sewage, and large infrastructure projects, such as the operation and construction of railways and roads. See also: Offshore Jobs Announced Now in More Than 20 Functions to Meet Contracts from Elfe Operation and Maintenance
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After the year 2017, when about US$ 9 billion were invested (mostly in energy assets), the Chinese hit the brakes due to the political scenario at the time. In the following years, investments dropped and remained around 3 billion dollars.
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Abandoned house for 15 years disappears in the woods, shocks owner with unrecognizable scenery and is reborn in an intense transformation after almost 90 hours of work in just 10 days.
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In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.
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Chinese giant worth nearly R$ 4 billion that manufactures cables for electric cars, solar energy, and robotics wants to open a factory in SC.
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Many employers do not know, but the law guarantees domestic workers a 25% increase in salary during trips, 50% for overtime, 20% for night shifts, and 17 additional benefits that can lead to labor lawsuits if not paid.
Recently, a movement of rapprochement between President Jair Bolsonaro and Xi Jinping, along with the current Brazilian scenario, involving various concession and privatization projects, has led the Asians to reconsider Brazil as a location for investments.
The expectation is that, still this year, they will inject approximately US$ 7 billion into the country, according to Eduardo Centola, president of Modal bank and a member of the Brazil-China Business Council (CEBC).
Experts affirm that the Chinese can and want to do here what they have already done in Africa. One of the world’s powers, China is a reference in infrastructure, road construction, railways, and hydroelectric plants, in countries such as Mozambique, South Africa, and Angola.
The main target has been the company Sabesp, considered the largest private water and sewage treatment company in the country. 50.3% of the company, valued at R$ 40 billion, is owned by the government of the State of São Paulo, which is considering whether to divest its stake or find a partner to purchase half of its share.
Everything will depend on public concessions for existing projects in the country. In addition to the federal government, states and municipalities are seeking private partnerships for their companies, many of which are in debt.
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