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Chinese look to increase Brazil investments

Chinese look to increase Brazil investments

China's commerce minister says his nation is looking to increase investments in Brazil.
Chen Deming is on a business mission to Brazil. He says Chinese companies want to target Brazil's agriculture, infrastructure and biotechnology.
Brazil is already a big destination for Chinese investment. Analysts say China's foreign direct investment in Brazil hit about $17 billion last year.
Chen didn't indicate by how much China might increase its investments in Brazil.
China replaced the U.S. as China's top trading partner two years ago.
Chen did warn that for Brazil's trade with China to continue growing, Brazil needs to improve its infrastructure to more efficiently move its commodities to market.


Updated : 2021-03-03 11:36 GMT+08:00