China and Brazil. Photo: CFP

247 - Chinese investors' interest in Brazil is expanding and gaining new outlines. The Asian country has been expanding its presence in both major infrastructure projects and domestic market-oriented sectors such as consumer and services, while facing tensions with the US.

According to data from the Central Bank, in the first half of 2025 alone, Chinese direct investments in capital holdings in Brazil totaled $379 million, surpassing any annual result since 2018. 

Diversity is visible. In the infrastructure sector, heavy projects are underway: CRRC, a train manufacturer, will open a factory in Araraquara (SP) and signed a contract to supply 44 trains to the São Paulo Metro. CCCC (China Communications Construction Company) is indicated as interested in the auction of the Santos-Guarujá tunnel, while State Grid is leading R$ 18 billion in power transmission works and Cofco is installing a grain terminal in Porto de Santos. In addition, the Chinese are targeting strategic ports and railways, with special attention to the Tecon 10 mega terminal.

The movement also affects the domestic market. Companies such as Shein, Meituan and beverage chain Mixue indicate Chinese advancement in consumption, delivery and services. "We have an increasingly middle-class and consumer population with an interest in technology. It's an interesting market for Chinese companies," says O'Sullivan. Fabiana D'Atri, an economist at Bradesco Asset Management and director of the Brazil-China Business Council (CEBC), adds that the flow grows as Chinese become more aware of the country's risks and opportunities.

Strengthening bilateral ties also has a geopolitical dimension. Brazil, a founding member of the BRICS, is discussing joining the Belt and Road Initiative and recently signed a mega-railway project linking the Atlantic to the Pacific. 

Experts point out, however, that the Chinese investor remains cautious in the face of currency volatility, high interest rates and regulatory complexity in Brazil. Still, the combination of economic growth, abundance of natural resources and an expanding consumer market reinforces Brazil's appeal to China's capital.

(Reported by Brasil 247 on August 4, 2025)