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Brazil waiting for 50bn dollars of Chinese support to overhaul infrastructure

Friday, May 15th 2015 - 07:23 UTC
Full article 60 comments

China will invest 50 billion dollars to help overhaul Brazil's aging infrastructure, the government announced on Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang next week. Brazil has repeated that it was determined to overhaul its dilapidated roads, railways, airports and ports. Read full article


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  • Brasileiro

    The Marshall Plan Chinese!$-50-bi.htm

    May 15th, 2015 - 11:28 am - Link - Report abuse 0
  • ChrisR

    So when does the military take over, hang Lula and DumbAss Dilma plus a few hundred “politicians” and stop the corruption DEAD (pun intended)?

    Can't be long now!

    May 15th, 2015 - 11:38 am - Link - Report abuse 0
  • Chicureo

    The “Chinese Marshall Plan” follows the tragic former stories of how large industrial nations have economically seized an developing country's natural resources by buying the favors of corrupt politicians and controlling the nation's future. In the end, the poor pay the highest price.

    May 15th, 2015 - 12:03 pm - Link - Report abuse 0
  • Britworker

    “you don't own me”
    “you don't own me”
    “la la la la la la la”

    Err, I think they do now.

    May 15th, 2015 - 12:20 pm - Link - Report abuse 0
  • yankeeboy

    I guess this is a way to keep the bribes going since they can't use PBR any longer...

    May 15th, 2015 - 12:38 pm - Link - Report abuse 0
  • macsilvinho

    Well, Cuba and Venezuela must be very happy!!! Money will start flowing in again.

    May 15th, 2015 - 01:31 pm - Link - Report abuse 0
  • Pugol-H

    After Africa, there was S. America.

    May 15th, 2015 - 04:43 pm - Link - Report abuse 0
  • Conqueror

    I thought Brazil was a 'leading' economy? Waiting for 50 billion Chinese bucks. How about the transatlantic railway? Is that more? Another 10 billion. Does Brazil exist anymore or is it just little China? Chinese workers, Chinese security, Chinese guards, Chinese ownership!

    May 15th, 2015 - 05:18 pm - Link - Report abuse 0
  • Briton

    Hang on a mo, I thought the Chinese were CFKs friend, she wont take this lying down,

    where's my 50 billion she will cry, I need ships , planes , men ,
    and brazil will look at her and say nuts.

    May 15th, 2015 - 07:10 pm - Link - Report abuse 0
  • Jack Bauer

    US$ 50 billion from the Chinks ? for the aging infrastructure ??????

    Then what the hell were the two PAC's (Programmes for the Acceleration of Growth) created for (by the PT) ?? It is more than obvious that they were announced for political reasons only, as they have produced virtually nothing in tangible results, other than getting Dilma elected in 2010, and together, they consumed R$ 750 billion (equivalent to US$ 350 billion athe time)...this additional US$ 50 billion will just go the same way.......
    Sounds a lot like Tennessee Ernie Ford's '16 tons'...... “50 billion dollars and what do you get ? another day older and deeper in debt !”

    May 15th, 2015 - 07:42 pm - Link - Report abuse 0
  • yankeeboy

    China economy is doing so poorly that they are allowing SLG to start borrowing again.
    They are doomed.

    May 15th, 2015 - 09:58 pm - Link - Report abuse 0
  • Brasileiro

    Olá Yankeeboy!

    May 15th, 2015 - 10:14 pm - Link - Report abuse 0
  • yankeeboy

    Maybe Brazil should ask the Chinese for more buckets to store water in the LARGEST CITY IN SOUTH AMERICA.

    3rd world moving to Frontier.
    Welcome to Africa..and not South Africa.

    May 15th, 2015 - 10:47 pm - Link - Report abuse 0
  • Brasileiro

    Our water is not that. We are the border. Because our territory is virgin. And we have the knowledge. ROME!

    May 15th, 2015 - 11:02 pm - Link - Report abuse 0
  • Hepatia

    This is a good investment for Brazil.

    May 16th, 2015 - 01:44 am - Link - Report abuse 0
  • yankeeboy

    15. Show me 5 places where China “invests” that has turned out well.

    China is the lender and investor of last resort. You must be in dire straits to consider anything they offer.
    Brazil is in dire straits.

    This recession will turn into a depression.
    Watch and see

    May 16th, 2015 - 11:48 am - Link - Report abuse 0
  • ChrisR

    @ 16 Hepatitis
    “This is a good investment for Brazil.”

    It's a loan you twat!

    Brazil cannot afford ANY investments after all the robbing bastards have done their worst.

    I thought you were supposed to 'live' in the US? Have you ever been to high school if you can get things as simple as this wrong?

    May 16th, 2015 - 12:37 pm - Link - Report abuse 0
  • yankeeboy

    PBR is the most highly indebted company in the WORLD.
    It won't survive as a public company for much longer
    and I don't think it can be nationalized either Brazil just doesn't have the U$

    They're in deep doo doo

    May 16th, 2015 - 02:19 pm - Link - Report abuse 0
  • Brasileiro

    Do not worry, yankee. North Americans will die first.
    And the oil is ours ....... and from China too!

    May 16th, 2015 - 03:28 pm - Link - Report abuse 0
  • Clyde15

    Can anyone explain posts at #14 and#19. It has gone over my head.

    May 16th, 2015 - 05:13 pm - Link - Report abuse 0
  • ChrisR

    @ 20 Clyde15

    I think BRASSO is vying with Breakdowns R Us as to who can be committed first.

    I think it's level pegging for both of them by the end of July.

    May 16th, 2015 - 05:31 pm - Link - Report abuse 0
  • yankeeboy

    19. Not according to the stats:

    “Brazil kills [its citizens] due to the lack of education and dignified housing here; because of the public health system, which is a veritable killing factory; and the lack of security,” says Débora da Silva, a founder of Mães de Maio, a group of mothers whose children have been victims of police brutality.

    ... there were 42,416 deaths that year due to gunshot wounds – the worst statistic since 1980

    Devolving just like the rest of the Socialist countries in SoAm ( world)

    May 16th, 2015 - 05:41 pm - Link - Report abuse 0
  • Room101

    Next: Goodbye Antarctica

    May 16th, 2015 - 05:56 pm - Link - Report abuse 0
  • Jack Bauer

    @20 Clyde
    Impossible. #'s 14, 19 cannot be explained. And Hippy, at # 15, shows off her remarkable ignorance.....thinks a loan is investment....and totally forgets that the Federal Government, backed by the PT, since 2007, has already squandered US$ 350 billion of the taxpayers money on so-called 'infrastructure', which is so far, invisible.....too friggin' stupid to see the truth.

    May 16th, 2015 - 06:19 pm - Link - Report abuse 0
  • Briton

    Next: Goodbye Antarctica ??

    where's it going.

    May 16th, 2015 - 08:10 pm - Link - Report abuse 0
  • Terence Hill

    2 ChrisR
    Please wave your NF membership card and we will all be right behind you Moses, following you into the promised land.. honest.

    May 17th, 2015 - 12:05 am - Link - Report abuse 0
  • ChrisR

    @ 26 Terence Hill
    “Please wave your NF membership card”

    You are a bit of a conundrum.

    I thought you followed this site quite closely yet you accuse me, a Conservative voter up to the point when 'call me Dave' was about to screw the government up (I was NEVER going to vote for him) and I moved to Uruguay on the 9th May 2011, so why would I ever be in the NF, or are you the Membership Secretary on a fishing trip for new members?

    Clearly you missed several other posts about Brazil needing the Military back in charge as the children keep spending everybody else's pocket money.

    If you want to call me names, here are just two comments I have been called or have been written on the back of toilet doors in 49 years of industrial experience in the UK: ' ruthless bastard' to which someone had interjected 'fair' after ruthless; 'we need this bastard gone before we are' (he was right there).

    What would YOU do to 'cure' the thieving and send a message to anybody else who thought they could do it as well, remember you are the military?

    Also remember Brazil has almost 1,000 per week of its' citizens killed, mainly by the police, do you not think the situation is way past patting them on the head and saying 'don't do it again'?

    So where in the world are you?

    May 17th, 2015 - 12:08 pm - Link - Report abuse 0
  • yankeeboy

    What I find so insane about Argentina, Brazil and Venezuela is that they had a very good decade and 100s of billions flowing into their countries during that time period.
    Where did all the money go?
    It can't have all been stolen by the Pols.

    It is staggering that they have wasted an up cycle with nothing to show for it but raw sewage flowing into the streets then into the coastline, huge increase in violent crime, crumbling streets, huge increase in slums etc etc etc
    WTF is wrong with the people that live there?
    Paid Support?
    What is it?

    These countries are devolving, they will not see another upcycle in at least a generation.
    Now what?

    It does make me really mad that the citizenry puts up with it.

    May 17th, 2015 - 12:18 pm - Link - Report abuse 0
  • Terence Hill

    13 yankeeboy
    You know that old saying about people in glass houses throwing stones don't you. Droughts, which are essentially acts of God must be deeply stressful for those affected, wherever they live.

    May 17th, 2015 - 01:45 pm - Link - Report abuse 0
  • yankeeboy

    Who's talking about droughts? I am talking about the 100s of Billions that have come in from a generational super cycle in commodities that have disappeared with nothing to show for it.
    BTW the current disaster in SoCal is caused by bad Fed and State Gov't policies. Trying to save a fish is not worth ruining the farming.

    Its kind of the same in San Paulo where there's plenty of water just not where they need it and the water they could use has raw sewage being dumped in it.

    Both So Ca and San Paulo deserve to suffer for electing 1 idiot after another.
    I have no problem with it.

    May 17th, 2015 - 02:32 pm - Link - Report abuse 0
  • Terence Hill

    27 ChrisR
    “needing the Military back in charge”. Persons that hold such views may call themselves conservatives, but those are the ideological views of a dyed-in-the-wool fascist
    30 yankeeboy
    Your post is entirely about the water shortage in the “LARGEST CITY IN SOUTH AMERICA.”
    “So Ca and San Paulo deserve to suffer”. What what a compassionate son-of-a-bitch you are, overflowing with the milk of human kindness.

    May 17th, 2015 - 02:52 pm - Link - Report abuse 0
  • yankeeboy

    31. That's a mighty high horse you have there.

    I have ZERO compassion for stupid people.

    Ahh your talking about post 13, maybe you should say that, as I said, the consequences of the drought in both CA and San Paulo could have been mitigated with proper planning and good governance.
    Neither happened, in CA its because there are too many Prog EcoNazis in San Paulo too many corrupted Pols.

    Maybe if they suffer the consequence they'll learn.

    I don't have much hope tho, I think Progressivism is a disease of the mind that can rarely be correct once its been infected.

    May 17th, 2015 - 03:08 pm - Link - Report abuse 0
  • Terence Hill

    32 yankeeboy
    “That's a mighty high horse you have there.” says one whom is completely free of judgmental opinions. “I have ZERO compassion for stupid people”. Well I have a slight compassion for you. “could have been mitigated”. I disagree regardless of whom was in governance there was little that could have been done to off-set conditions that were largely the result of unforeseeable mother nature. How can you designate ecologists as Nazis, that's got to be the greatest oxymoron ever. Incidentally, San Paulo apparently has a right wing governor who failed to act, in case it reflected badly on his chance of reelection.

    May 17th, 2015 - 03:34 pm - Link - Report abuse 0
  • yankeeboy

    I don't think you have a clue what you're talking about.
    Why don't you read up on the droughts in both SoCal and San Paulo so you can post intelligently. Because your just waiting my time.

    May 17th, 2015 - 05:17 pm - Link - Report abuse 0
  • Terence Hill

    34 yankeeboy
    It's alright loser, reading you loud and clear. You'll pontificate your ignorance until someone with the wherewithal takes you to task, and then you slouch off muttering to yourself.

    May 17th, 2015 - 05:41 pm - Link - Report abuse 0
  • ChrisR

    @ 35 Terence Hill

    So where is it that you live?

    May 17th, 2015 - 06:24 pm - Link - Report abuse 0
  • yankeeboy

    35. I'm still here. Did you read anything about either drought?
    Or am I to assume you've said all you know on the subject?
    Silly fool.

    May 17th, 2015 - 06:56 pm - Link - Report abuse 0
  • Terence Hill

    37 yankeeboy
    When devoid of an effective rebuttal to an issue, revert to the argumenta ad hominem; the ultra confirmation of a loser.

    May 17th, 2015 - 08:46 pm - Link - Report abuse 0
  • yankeeboy

    38. Idiot, that what you're doing not me.

    May 17th, 2015 - 09:19 pm - Link - Report abuse 0
  • ChrisR

    @ 38 Terence Hill

    Is it so difficult to tell me where you live?

    The way you are obfuscating I am beginning to think you are an argie troll.

    Are you ashamed of where you live, is that the problem?

    May 17th, 2015 - 09:34 pm - Link - Report abuse 0
  • yankeeboy

    Chris, He's a troll possibly a Sistah. We're devoid of the other Sistahs, they're all used up so they've got to create more personas.

    Sistah, Here's some links to read since you're obviously devoid of any facts.

    There's 100s of news articles about it.
    Read then comment
    so you don't look like a douche.

    May 17th, 2015 - 09:47 pm - Link - Report abuse 0
  • Terence Hill

    37 yankeeboy
    When devoid of an effective rebuttal to an issue, revert to the argumenta ad hominem; the ultra confirmation of a loser.

    May 17th, 2015 - 10:18 pm - Link - Report abuse 0
  • yankeeboy

    I said Gov't could mitigate the problem of the drought you disagreed and gave no argument to back it up.

    Fcking retard.

    May 17th, 2015 - 10:23 pm - Link - Report abuse 0
  • JoseAngeldeMonterrey

    This is how this is going to work out: there will be no chance for public and open biddings, the Chinese will not handle the funds to the Brazilian government, rather, they will hire their corporations to do all the public works, with chinese engineers and even technicians and supervisors coordinating the construction of the roads and other public works. But Brazil will pay the “loans” with oil, soy and other commodities at preferential prices. See the Chinese don´t believe in going to the Future Markets to lower their prices in commodities, they actually obligate their business partners to act as one for them. Secondly, all this means the Brazilian Real will stop suffering forex market corrections and it will receive a boost from Chinese cash injection for more commodities, a true nightmare for Brazilian manufacturers and Brazilian industry losing more competitiveness. And third, in the light of a massive investment from China, much needed economic reforms and openness in Brazil will be once more push back to another time, perhaps another rainy day.

    May 18th, 2015 - 01:49 am - Link - Report abuse 0
  • Conqueror

    @19. Good to see that Brazil's heart is in the right place.
    Pulsing slowly on a mortuary slab. And then stopping. Permanently. Could you speed it up a little please? You're only getting rid of 44,000 procreating mouths a year. Be progressive. Make ownership of a gun compulsory. Hand them out free. Two filled magazines every time you fill the tank of your stolen car. Get rid of 44 million a year. Cut off procreational equipment. Hang it from the rear view mirror!
    @29. What's “God”? Ever seen this being? Were you trying to make a point? What was it? Or were you just trying to show that you know how to copy an URL and post it somewhere else?
    @31. I don't see a problem. At least Brazil seems, unwillingly, to be doing something. But not quick enough. Like other human activities, procreation needs to be reduced. For example, muslims should be castrated and sterilised at birth. Brazilians should be reducing their population at the rate of 44 million a year. The Chinese should be doubling that rate.
    @35. Here are some clues. Inability to support or renew infrastructure. Sewage everywhere. Murder. Ineffective terrorist government. Bread and circuses. Losers every way you look at it.
    @38, 42. Repeating yourself. True desperation.

    May 18th, 2015 - 02:33 pm - Link - Report abuse 0
  • Jack Bauer

    @27 ChrisR
    “Also remember Brazil has almost 1,000 per week of its' citizens killed, mainly by the police,.... ”
    Chris, just a small correction - sure the police kill a few here and there, but 99% of them are NOT innocent, so not much loss....but the great majority of the killings occur through senseless street crime, or are perpetrated by drug dealers against their competition...or people who rubbed them the wrong way...or, just got in the way. Quite frankly, I think it's good when drug dealers kill each other off....problem is, when one is killed there's always another to take his place.

    May 18th, 2015 - 04:48 pm - Link - Report abuse 0
  • ChrisR

    @ 46 Jack Bauer

    Thanks for that, I just wondered how many deaths would be reported unless they were by the police?

    May 18th, 2015 - 05:11 pm - Link - Report abuse 0
  • Enrique Massot

    #2 Chris
    “When does the military take over?”
    You know Chris, in Latin America we had more than enough of your remedy. Take it yourself if that suits you.

    May 18th, 2015 - 06:07 pm - Link - Report abuse 0
  • ChrisR

    @ 48 Kiki Mashed Potato Head

    You don't follow the posts do you?

    It wasn't me suggesting the military takes over I was asking when it does due to the fact that MANY BRAZILIANS now think that even the Military would be better than the bunch of crooks running the country.

    Why are you so fixated on me, are you queer, or just like to be thrashed each time you try and be 'clever' and take me on?

    Try doing the homework if you ever want to come close enough to do that.

    May 18th, 2015 - 06:52 pm - Link - Report abuse 0
  • Jack Bauer

    @47 ChrisR
    I would say that all deaths, from unnatural causes, are reported....sooner or later, the bodies appear ; Logically, when the police screw-up, they usually invent some unlikely story to try to cover their tracks. One of the problems with the police, here, is that many of those that join the ranks of the Military Police (the arm of the Police responsible for most police killings) are usually those with only lower education, so their moral values aren't very high, and quite a few of these join the police to learn and get trained in Police tactics, to then resort to crime as a way to supplement their income...
    As to your comments on the Military taking over again, it happened once and for those who were Law-abiding citizens, there were no problems...those who rose up in arms against the Military got screwed, as to be expected. And when you analyze WHY they took over, presuming you are rational, it's easy to conclude they did it to prevent Brazil from being handed over to the communists. Today, with this disgusting PT government in power, with their Bolivarian dreams, if push comes to shove, the Military , I hope, would be there again to save Brazil from complete chaos.

    May 18th, 2015 - 08:26 pm - Link - Report abuse 0
  • ChrisR

    @ 50 Jack Bauer

    Excellent explanation: thank you.

    May 18th, 2015 - 09:25 pm - Link - Report abuse 0
  • Hepatia I will not attempt to tax your powers of comprehension too greatly so I will limit myself to one case. But, first, let me start by stating that this loan and the coming visit of the premier of the PRC to Brazil are signs of the displeasure of the PRC feels towards the British.

    This $50b loan is chump change when compared to the amount PRC has loaned to the US. If the PRC was the malevolent power that you imagine it to be then it could have made the US experience of the GR from 2007 on much worse than it was. They did not. In fact they continued, and continue, to provide credit.

    The truth is the there exists only one country in the world at this time that has a global strategy. That one country is the PRC. This loan is just one small element within this strategy.

    But I should clarify. The US does have a nascent strategy. It is called “Pivot to Asia”. This is the correct strategy - America's future has always been the Pacific. A certain amount the collateral military deployment has occurred but the political deployment has hardly started. We need to unravel the “Pivot to Europe”.

    May 19th, 2015 - 01:41 am - Link - Report abuse 0
  • Clyde15

    A loan from the Chinese to Brazil shows their displeasure to the British ??????????. A rather twisted and fanciful interpretation but not unexpected from you.
    I predict that Argentina will give up its claim to the Falklands within 25 years.

    May 19th, 2015 - 08:43 am - Link - Report abuse 0
  • Skip

    China is DISPLEASED with the United Kingdom?



    Who wants to be a sycophant...... oh that's right seems Brazil and Russia do. Look how rich and prosperous they are Not!

    May 19th, 2015 - 09:17 am - Link - Report abuse 0
  • yankeeboy

    52. I will admit that Odumbo doesn't have a good foreign policy. Hopefully that will change with the next Prez. I have a feeling the USA is going to become more isolationist and that's probably a good thing. We don't need to be the world's police or benefactor, we don't need the world for much anyhow. We should back away and let everyone fend for themselves, let Japan, S Korea, Phillipines get nukes, let Japan rearm like they want and lef Europe pay for their defense. The time of the USA protecting everyone should be over.
    We should protect our borders, promote our trade, promote our internal marketplace and let all the rest of the world go about their own business.
    I hope that is what happens.
    Who knows.

    China's time is done, its like the Soviet Union from the 60-80s and it is about reaching the end of its lifecycle. Maybe they've got another decade or so left in them but probably not. All that you see is but an illusion and if the USA was really worried about them we'd cut off their trade and they'd sink like a rock.

    May 19th, 2015 - 10:26 am - Link - Report abuse 0
  • Voice

    Do you ever read my posts....?
    ...have you ever noticed whilst arguing with Terry Hill I end the post with...Terry Hill of Sao Paulo Brazil....
    ...maybe you thought it was just a rhyme....
    ps....It's not....

    May 20th, 2015 - 12:28 am - Link - Report abuse 0
  • 313toBioBio

    @55 I didn't vote for O666, but I have to defer with you on him being a foreign policy idiot. I think it's underestimated how much China stands to lose from CFK and Maduro. China having a soviet union fall might add to the power of the Obama cult. He's good at destroying things with a smile...while playing weak. Fox news called him the biggest pussy on the planet next to Putin and 6 months later the ruble is anhilated. the AIIB is a joke to make people invest in China and be afraid to short it. This isn't 2007 any more. China's growth is thanks to Iran sanctions and Hugo Chavez. Everyone knows CFK is generating catastrophe. The only question is if she can postpone it for the next scumbag. I don't see the incentive....or why the market would wait for that to happen.

    May 20th, 2015 - 02:02 am - Link - Report abuse 0
  • Hepatia The name of the present president of the US is Barack Obama. You British, being subjects of a client state, need to show much more respect for the US and the Office of President. So, learn how to spell the current president's name!

    The foreign policy of both the Clinton and the Bush II administrations was completely misdirected. Clinton, as some sort victory prize for the end of the cold war, could think of nothing better to do than expand NATO (and why would the US ever want to do that?). The foreign policy of Bush's chicken hawk administration consisted of little more than the invasion of irrelevant countries followed by flights to some aircraft carrier to give a hubris filled speech in front of a “Mission Accomplished” banner.

    If Obama's foreign policy performance looks bad it is only because the foreign policy of the US was, like the economy, in such bad shape at the end of the last administration that it has required a lot of digging to get out of the hole. The Pivot to Asia is the correct policy and will be continued by which ever candidate that wins the office. The problem is that it is occurring 20 years too late.

    That the Pivot to Asia is the correct policy is true irrespective of whether the PRC is finished or not (but, of course, in the US the wingnuts have been waiting for the collapse of the PRC since 1950). The US has always been, and will always be a country of the future and we need to embrace it. As a consequence we need to dump Europe ASAP and engage our future.

    May 22nd, 2015 - 03:18 am - Link - Report abuse 0
  • Clyde15

    Quite correct. We keep getting dragged into American adventures.
    We have no interests in the Far East so let the USA and China slug it out while the Russian bear sneaks in take over the Arctic..

    May 22nd, 2015 - 10:08 am - Link - Report abuse 0
  • ChrisR

    @ 58 Hepatitus

    So WHO did you plagiarise to get that little missive?

    The only thing you have come up with in four years has been the old mantra 'the Falklands (there are NO Malvinas you twat) will be 'returned' to Argentina in 25 years.

    May 22nd, 2015 - 11:26 am - Link - Report abuse 0

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