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Brazil

China is the largest consumer of beef from Brazil

3 March 2016
China became the main destination for beef produced in Brazil, only eight months after the Chinese authorities lifted an embargo after a case of BSE, or "mad cow" disease, in the state of Paraná, Brazilian newspaper Folha de São Paulo reported. From June 2015, when shipments were resumed, to January 2016 China bought Brazilian beef worth US$517 million. This accounted for 16 percent of total revenue from beef exports, according to data from the Ministry of Development, Industry and Foreign Trade.

Brazil restates support for undersea cable of Angola Cables

3 March 2016
Brazil's government has restated its support for the project by the Angola Cables company to connect Angola to Brazil by undersea cable and consequently to South America, during a meeting in Brasilia, Angolan news agency Angop reported. Upon receiving the ambassador of Angola in Brazil, Nelson Cosme, the Brazilian Minister of State and of Communications, André Figueiredo, once again gave assurances that Brazil supported Angola Cables' projects in Brazil, which are focused on management of the 6,600-kilometre undersea cable that will link Luanda to Fortaleza.

Trade between China and Portuguese-speaking countries falls by 25.73pct in 2015

2 March 2016
The value of trade between China and the Portuguese-speaking countries fell by 25.73 percent in 2015 to US$98.474 billion, a real loss of US$34.106 billion, according to official Chinese figures. The only positive changes in the value of trade occurred in Timor Leste (East Timor - US$106.67 million or +76.48 percent) and Sao Tome and Principe (US$7,9 million or +37.99 percent).

Brazil’s Petrobras takes on loan of US$10 billion in China

1 March 2016
Brazilian oil company Petrobras has contracted a loan of US$10 billion from the China Development Bank (CDB), to be paid with the delivery of oil to Chinese companies, under a contract signed Friday.

Crises in Angola, Brazil and China may lead to drop in exports from Portugal

29 February 2016
The bleak economic outlook in key markets for Portugal such as Angola, Brazil and China, may lead to a drop in Portuguese exports to those countries, according to a recent report by the European Commission. The document also said that in addition to a fall in Portuguese exports to these countries, there could also be a decrease in foreign direct investment (FDI) from these countries in Portugal.

Brazil’s Embraer presents new jet aircraft

26 February 2016
Brazilian aeronautical company Embraer Wednesday presented the new E190-E2, the first jet aircraft of the second generation of the E-Jet family for commercial aviation, in a ceremony held at its headquarters in São José dos Campos, in the state of Sao Paulo. The E2 programme, in which we invested 1.7 billion dollars, was launched in June 2013 and represents "Embraer's commitment to continuously invest in the line of business jets and maintain market leadership in the segment of 70-130 seats."

China expected to increase soybean purchases in Brazil in 2016

17 February 2016
China is expected to increase this year's soybean purchases from Brazil, which in 2015 saw its market share in that country rise from 45 percent to 49 percent, at the expense of the United States, according to the Brazilian press.

Brazil’s Embraer signs agreement with China’s Colorful Guizhou Airlines

17 February 2016
Brazilian aeronautical company Embraer has established a long-term agreement with Colorful Guizhou Airlines, of China for the supply of parts for a fleet of E190 jet aircraft, the company said in a statement. Founded in June 2015, Colorful Guizhou Airlines is the first local airline in Guizhou province and also the first E190 customer in the region, having signed an order for up to 17 E190 (seven firm and 10 options) with Embraer, two of which were delivered and put into operation in December 2015.

Brazil is main destination of China’s loans to Latin America in 2015

12 February 2016
Brazil was the main Latin American destination in 2015 of loans provided by China's development banks, pushing Venezuela into second place, non profit organisation Inter-American Dialog said in Washington.

Brazilian states promote construction of Transoceanic Railroad

11 February 2016
The governors of three states in Brazil - Mato Grosso, Acre and Rondónia - this week signed a memorandum of understanding for the construction of a railway that will link the Atlantic and Pacific oceans, the Brazilian press reported.

Brazil overtakes China in chicken meat production

1 February 2016
Brazil has overtaken China in the production of chicken meat to become the world's second largest producer, according to data from the United States Department of Agriculture (USDA), cited by the Brazilian Association of Animal Protein (ABPA). Brazilian poultry producers last year produced 13.146 million tons of chicken meat, an annual increase of 3.58 percent, while China, according to the USDA, produced 13.025 million tons.

China buys more iron ore from Brazil in 2015

29 January 2016
China bought 191.6 million tons of iron ore from Brazil in 2015, a 12.1 percent increase over 2014, according to data from China's General Administration of Customs. The Brazilian iron ore accounted for 20.1 percent of total Chinese imports of this commodity in 2015 - an increase from the 18.3 percent weight recorded in 2014, according to Reuters.

China will invest US$20 to 30 billion in Brazil in 2016

26 January 2016
The president of the Brazil-China Chamber of Commerce and Industry (CCIBC), Charles Tang said in São Paulo that Chinese investment in Brazil in 2016 was expected to total between US$20 and US$30 billion. Charles Tang told Brazilian financial daily Diáio do Comércio that the state of Minas Gerais was expected to be one of the main destinations of Chinese investment particularly in the iron ore sector.

Brazilian aeronautical company Embraer delivers 221 aircraft in 2015

15 January 2016
Brazilian aeronautical company Embraer delivered 221 jets in 2015, of which 101 wee in the segment of commercial aviation and 120 in executive aviation, the group said in a statement issued Thursday in São José dos Campos, Brazil. The company said the 221 aircraft delivered last year for those two market segments represented the largest number of deliveries over the past five years.

Brazil and China study investment projects in Brazil

14 January 2016
Chinese and Brazilian technicians and engineers are already studying possible investment projects in Brazil, specifically the railway that will link the Pacific and Atlantic Oceans and in industry, according to Brazilian newspaper Jornal do Brasil.

China Three Gorges signs management contracts for two dams in Brazil

7 January 2016
The China Three Gorges Group signed Tuesday with the Brazilian Ministry of Mines and Energy contracts relating to two hydroelectric concessions in the country, according to news agency Brasil. The signing is the culmination of an auction in which the Chinese group paid 13.8 billion reais (US$3.66 billion) to be awarded management of two major hydroelectric plants in Brazil.

Cahora Bassa dam, Mozambique, sees record power production in 2015

6 January 2016
The Cahora Bassa hydroelectric facility in Mozambique's Tete province, in 2015 reached a new record of electricity production of 16,978 gigawatt/hours, an annual increase of 2.44 percent, the facility's management company said. The previous record was achieved in 2009, the year production reached 16,574 gigawatt/hours. The new record in 2015 came after significant investments in the Cahora Bassa Hydroelectric Dam (HCB) with the implementation of its Engineering Plan.

Trade between China and Portuguese-speaking countries shrinks 25 pct from January to November

6 January 2016
Trade between China and Portuguese-speaking countries experienced a real contraction of US$31.674 billion from January to November 2015 compared to the same period of 2014, according to official figur…
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