Chinese investments in Brazil plummet 74% in 2020 due to pandemic

Despite pointing out damages to political relations between Brasilia and Beijing, CEBC's research study rules out any serious blow to economic relations.

RIO DE JANEIRO, BRAZIL - After more than doubling in 2019, the inflow of Chinese investments in Brazil failed to withstand the shock of the crisis triggered by the Covid-19 pandemic plummeting 74% last year to its lowest level in 6 years.

The data are shown in a recently published study by the China-Brazil Business Council released on Thursday, August 5.

The flow of Chinese investments to Brazil reached US$1.9 billion in 2020, compared to US$7.3 billion the year before. The contraction in the period was larger than the total drop in net direct investments . . .

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