China Brazil Photo:CFP

 
By Brasil 247 - Brazil emerged as the leading recipient of Chinese investment among emerging economies in 2024 and ranked third worldwide in absorbing productive capital from China. According to the report "Chinese Investments in Brazil - 2024: Reindustrialization and Energy Transition", released Thursday (September 4) by the Brazil-China Business Council (CEBC) with support from Bradesco Corporate, Chinese companies invested in 39 projects across the country - a historic record - totaling US$4.18 billion, nearly double the 2023 figure.

Energy and industry lead inflows

The electricity sector led Chinese investments in Brazil last year, accounting for 34% of total capital inflows, or US$1.43 billion, including solar and wind power projects. The oil sector followed with 25% of investments, roughly US$1 billion, demonstrating continued Chinese interest in fossil fuel initiatives alongside the growing presence in renewables.

Manufacturing also saw sustained growth, with eight Chinese projects launched in 2024 - the highest since 2021 - reflecting Brazil's policies to encourage reindustrialization under the "Nova Indústria Brasil" program. Strategic sectors attracting Chinese investment include infrastructure, sanitation, sustainable mobility, digital transformation, energy security, and decarbonization.

Strategic minerals and high-tech integration

Chinese companies also invested in Brazilian mining, focusing on critical minerals such as tin and copper, essential for high-tech industries. These projects are fostering deeper integration between the two countries across different stages of the decarbonization-focused value chain.

According to the CEBC study, energy transition, high-end manufacturing, and critical minerals are among the most promising areas for future Chinese investment in Brazil. The trend is expected to accelerate, driven by Brazil's reindustrialization agenda and the shared commitment of both nations to decarbonize their economies.

(Reported by Brasil 247 on September 4, 2025)