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Chinese Investors Consider Investing In Brazil Again After 3 Years

Written by Roberta Souza
Published on 15/01/2020 at 15:59
China Brasil Economia Empregos
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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

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.

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.

Roberta Souza

Author for the Click Petróleo e Gás portal since 2019, responsible for publishing over 8,000 articles that have garnered millions of views, combining technical expertise, clarity, and engagement to inform and connect readers. A Petroleum Engineer with a postgraduate degree in Industrial Unit Commissioning, I also bring practical experience and background in the agribusiness sector, which broadens my perspective and versatility in producing specialized content. I develop content topics, disseminate job opportunities, and create advertising materials tailored for the industry audience. For content suggestions, job vacancy promotion, or advertising proposals, please contact via email: santizatagpc@gmail.com. We do not accept resumes

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