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MercoPress, en Español

Montevideo, November 5th 2024 - 21:16 UTC

Tag: State Power

  • Friday, January 19th 2018 - 09:13 UTC

    China poured US$ 21bn into Brazil in 2017 taking advantage of recession asset prices

    Brazil expects Chinese investment to continue increasing this year as asset prices remain low after the recession that ended last year but economic growth picks up.

    China invested US$20.9 billion in Brazil in 2017, the most since 2010 as a recession helped push down asset prices and attracted investors, according to Brazil’s planning ministry.The energy, logistics and agriculture sectors drew the most Chinese capital, including investments in Brazil’s rich pre-salt oil fields and China’s State Power Investment Corp US$2.25 billion deal to operate the São Simão hydropower plant.