Chinese investments in Brazil tanked 78% in 2022 compared with the previous year, hitting their lowest in 13 years as funds committed to resource projects plummeted, the Brazil-China Business Council (CEBC) said on Tuesday.
China, Brazil's largest trading partner, funneled $1.3 billion in direct investments into the country last year, the lowest level since 2009, according to a CEBC study. The performance contrasts with overall foreign direct investment in Brazil in 2022, which skyrocketed by 95% to $90.6 billion, highest in a decade.
That 2021 result established an unfavorable yardstick for comparison, said CEBC research head Tulio Cariello. While China-sourced funds channeled to Brazil witnessed a sharp decline, Chinese investments globally saw a modest uptick of 2.8% over the past year, growing to $116.8 billion.
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