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State Concentrates Almost Half of Chinese Investments in Brazil Between 2007 and 2023
The Chinese presence in Brazil continues to grow, and one state in particular has stood out as the main destination for these investments. From modern factories to ambitious transportation and energy projects, the partnership between Chinese companies.
The State of São Paulo concentrates almost 40% of all investments announced by Chinese companies in Brazil in recent years.
There have been 121 projects in the São Paulo territory, out of a total of 264 registered across the country between 2007 and 2023. The data is part of a survey by the Brazil-China Business Council (CEBC).
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Ongoing Projects in the State
Among the highlighted projects is the installation of the factory of the Chinese automaker GWM, in the city of Iracemápolis, about 165 kilometers from the capital.
The implementation has the support of the São Paulo State Department of Economic Development (SDE), which closely monitors various initiatives from Chinese companies in São Paulo.
According to Secretary Jorge Lima, the results are a result of the state’s active promotion strategy abroad. “The result is a consequence of our effort to promote the state abroad as the best destination for investments in Latin America, which directly impacts job and income generation in São Paulo,” he said.
Infrastructure and Logistics as Attractors
One of the most relevant projects supported by China is the Intercity Train (TIC), which will link São Paulo to Campinas. The C2 Mobility Consortium, responsible for the work, includes the participation of the Chinese company CRRC.
The competitive advantages offered by São Paulo include efficient logistics, clean energy, skilled labor, and research centers.
These points have been presented to Asian investors through the InvestSP office in Shanghai, maintained by the SDE.
The SDE and InvestSP have already promoted the arrival of more than 30 Chinese delegations to the state.
In 2024, China was the second largest commercial partner of São Paulo, with a trade flow close to US$ 25 billion. The trend is for continuity in strengthening partnerships.
