A delegation from the Brazil-China Chamber of Commerce and Industry (CCIBC, in the Portuguese acronym) is currently in China seeking to attract more Chinese investment into the South American nation, Brazilian newspaper O Estado de São Paulo reported this week.
“There are groups that do not have investments in Brazil yet, and that are being introduced to several businesses currently on sale [including ones for infrastructure and agriculture],” explained the President of CCIBC, Charles Tang, as quoted by the media outlet.
The newspaper also quoted academic Roberto Dumas Damas – an expert in China’s economy who teaches at the Brazilian higher education institution Insper – as estimating that, between 2010 and 2015, Chinese investors had injected between US$30 billion and US$35 billion in capital into the Brazilian economy. “That includes direct investment and [investment] in companies,” he added.
The delegation from CCIBC is due to return to Brazil in early August, according to the newspaper.