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An unretiring type

Date: 24/08/2012
China Daily

One of Brazil's most experienced envoys continues to advocate a healthy tie with China

Sergio Amaral has had many high-powered jobs, including being Brazil's trade minister, the country's ambassador to France and Britain, its chief debt negotiator, chairman of the National Bank of Development and alternate governor to the International Monetary Fund and the World Bank.

His public service days are over, but he is by no means relaxing, as he remains head counselor and board member of many institutions and corporations. Yet one of the jobs he devotes much time to is seldom mentioned in his biography.

As chairman of the China-Brazil Business Council for more than two years,...

Seeking protection

Date: 14/01/2012
The Economist

China has become Brazil’s biggest economic partner—and its most difficult one

OPPOSITE Rio de Janeiro’s best-known shopping mall, just before the tunnel that takes drivers to the beach resorts of Copacabana and Ipanema, stands a gleaming new showroom for JAC Motors, a state-owned Chinese car maker. The prominence of the location is appropriate: imported Chinese cars have suddenly become a visible presence on Brazil’s roads. This has alarmed Brazil’s car industry and President Dilma Rousseff’s government. Last month a 30-percentage-point tax increase on cars with less than 65% local content took effect, taking the tax...

The Dragon’s Appetite for Soy Stokes Brazilian Protectionism

Date: 10/10/2011
Financial Times - Dawn Powell

Few subjects are likely to raise hackles more quickly in Brazil than the idea of foreigners owning its natural resources. “The Chinese have bought Africa and now they’re trying to buy Brazil”, stormed Antônio Delfim Netto, a tub-thumping former finance minister during Brazil’s military dictatorship, in a newspaper interview last year.


Reading that kind of thing is no surprise in a country where you don’t have to look hard to find people discussing seriously the threat of a US invasion of the Amazon (another idea fostered by the dictatorship). But now such fears look likely to turn away Chinese investment in Brazil’s...

Rousseff Wants China Buying More Than Soybeans, Vale’s Iron Ore

Date: 10/04/2011
Bloomberg - Andre Soliani and Matthew Bristow

Brazilian President Dilma Rousseff plans to pressure Chinese officials to buy more than Vale SA (VALE5)’s iron ore from Latin America’s biggest economy when her first visit as head of state begins in Beijing today. Rousseff is scheduled to meet with President Hu Jintao tomorrow and attend the summit of the so-called BRIC nations on April 14. She has been more outspoken than her predecessor, Luiz Inacio Lula da Silva, on trade and currency issues between Brazil and the country that is both its top commercial partner and a trade rival. Demand for raw materials from the world’s second-largest economy has helped fuel Brazil’s fastest expansion in more than two decades. At the same...

China's Brazilian shopping spree

Date: 22/11/2010
Global Post

China's Brazilian shopping spree Chinese investment in Brazil has ballooned to more than $25 billion this year. RIO DE JANEIRO, Brazil — They’ve snapped up iron mines in the south, bought into oil fields off the coast, and they may be trolling for 850,000 acres of farmland, too. While Chinese investors spent the last decade buying up natural resources across Africa, this year they’ve begun an unprecedented shopping spree in Brazil. In less than 12 months, Chinese investment has jumped by orders of magnitude — from a registered $82 million in 2009 to more than $25 billion in planned projects reported so far this year. “It’s the first year where big, big...

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