Chinese investments in Brazil are shifting from raw materials and manufacturing to focus on infrastructure and energy, Brazilian newspaper O Globo reported this week.

The paper quoted Guilherme Belli, head of the trade promotion sector at the Brazilian embassy in Beijing, saying Chinese investors were very interested in the South American country’s railway sector.

“All the large railways groups in China want to operate in Brazil,” he said.

Chinese firms are investing in other transport infrastructure projects, O Globo reported. Chinese firm BYD Co Ltd is slated to launch an electric bus factory in Brazil this year.

“China is a relatively new investor in Brazil and the number of investments will tend to increase,” the newspaper quoted Brazilian economist Luis Afonso Lima as saying.