There are just 57 Brazilian companies with investments in China

15 December 2011

Sao Paulo, Brazil, 15 Dec – The number of Brazilian companies with investments in China totals just 57, according to a study carried out by the Brazil-China Business Council and cited by the Brazilian press.

Of that total, 51 percent are service providers, 28 percent are linked to industry and 21 percent are representative of companies with products based on natural resources, such as mines and energy.

Claudio Frischtak, a consultant for the Council and coordinator of the study, said that, “the volume of Brazilian investment in China is small and not very dynamic,” and also, “not deep as the 57 companies represent 26 different businesses, which means that none of these Brazilian investment activities can be considered important.”

The study showed that just 0.06 percent of Brazil’s total foreign direct investments over the last 10 years went to China, and Brazilian companies were responsible for just 0.04 percent of FDI in China in that period. FDI at the end of 2010 in China totalled US1.1 trillion. (macauhub)