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China Daily / 2024-11 / 18 / Page005

China's increased investment eases transition to clean energy in Brazil

By MAY ZHOU in Rio de Janeiro | China Daily | Updated: 2024-11-18 00:00
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Chinese investment in Brazil has grown significantly in recent years as bilateral relations have deepened.

China's presence is especially felt in Brazil's energy and infrastructure sectors. A recent analysis by Brazilian digital media outlet Poder360 estimated such investment from Chinese enterprises alone has exceeded $51 billion.

Earlier this year, State Grid Corp of China won a 30-year franchise agreement to build a 1,500-kilometer transmission line in northeast Brazil.

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