AFP, 03/31/2011
China is rapidly expanding its presence in Brazil, surpassing the United States as the South American giant’s biggest biggest investor and trade partner, a report released Wednesday said.
Published ahead of a planned visit by Brazilian President Dilma Rousseff to China next month, the report said Chinese firms have announced investments of nearly $30 billion in Brazil, including $8.6 billion currently under negotiation.
The energy and mining sectors represented 90 percent of those investments, the report by the Brazil-China Business Council said.
