Source: Macauhub

China was the third-largest foreign investor in Brazil in the third quarter of 2019 and its companies invested US$874 million in capital, according to the Foreign Trade Bulletin – Selected Countries of the Executive Office of the Chamber of Foreign Trade of the Brazilian Economy Ministry.

Japan was the largest foreign investor in the period under review, with about US$1 billion, with the United States coming in second with US$915 million and after China, France and Italy with US$138 million and US$42 million, respectively.

The report also said that 60 foreign direct investment projects were identified in Brazil in the third quarter from the five selected countries, and 44 projects worth approximately US$3 billion were confirmed.

“When the announced investments are added up, the total amount rises to approximately US$11 billion,” it said.

The United States and Japan were the countries with the largest number of confirmed projects, with 22 and nine respectively, with China coming in third with five projects and France and Italy with four projects each.

Industry, with 19 projects, and financial services with five, accounted for almost 55% of the investments announced by the five countries in the third quarter, and the State of São Paulo was home to 13 projects, representing 44% of the total, followed by Minas Gerais, with four projects.

The bulletin mentioned as major projects by Chinese companies GSPak, a packaging manufacturer, which confirmed in July an investment of US$48.8 million to set up a factory in Rio Largo, the State of Alagoas as well as that of the Huawei group.

Last August this group confirmed an investment of US$800 million to finance activities in the state of São Paulo, to be carried out from 2020 to 2022 and covering various areas, such as vocational training and manufacturing.