China has boosted investments in Brazil to new highs, betting on key industries in South America’s biggest economy. Renewables, oil and gas, mining, and manufacturing took the lion’s share of Chinese investments in Brazil in 2024, a new report by the Brazil-China Business Council, CEBC, showed this week. As Brazilian President Luiz Inacio Lula da Silva is pursuing closer ties with China, Chinese firms more than doubled their investments in Brazil last year, and the South American nation became the top emerging market…
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