Brazil is main destination of Chinese investment in 2010

12 April 2011

Rio de Janeiro, Brazil, 12 April – Following investments of US$13.7 billion in 2010, Brazil became the main destination for investment from China, according to a survey from the US-based Heritage Foundation, reported by BBC Brasil.

The source said that this figure did not include public bonds and investments of less than US$100 million.

Brazil thus becomes the third target for Chinese investment in terms of accumulated investment between 2006 and 2010. Australia and the United States remain the main targets of Chinese investment in that period.

“Brazil was the highlight for 2010. And the profile of investments follows the pattern that has recurred in the rest of the world: The Chinese seeking natural resources. Chinese investment is definitely led by a search for commodities,” Derek Scissors, a researcher for the Washington-based foundation’s Centre for Asian Studies told BBC Brasil.

Chinese foreign investments have increased over the last few years.

From 2006 to 2010, they rose from US$21.2 billion to US$59 billion, according to Mofcom (China’s Trade Ministry). (macauhub)