Overview
- Chinese firms confirmed a record 39 projects in 2024 across sectors such as electric vehicles and food delivery, putting Brazil behind only Britain and Hungary.
- Despite the surge, annual flows remain below the 2015–2019 average of $6.6 billion that was driven by a few large energy deals.
- CEBC’s Tulio Cariello points to a retreat from the United States, where Chinese investment fell to $2.2 billion last year, as a key driver of the shift.
- Brazil’s industry secretary Uallace Moreira says many plants import components for final assembly, which limits job creation and broader local supply-chain development.
- Prosecutors sued BYD after authorities rescued 163 workers allegedly kept in slavery-like conditions at a factory under construction, and the company denies wrongdoing.