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Brazil Draws Record Chinese Investment. Is Lula’s Industrial Strategy a Problem?

The re-elected leader has championed closer economic ties with Beijing but also wants his nation to move up the value chain.

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The presence of Chinese companies in Brazil entered a new phase. For years, the relationship between the two countries was concentrated mainly in commodity trade. Now, capital coming from China also occupies increasing space in energy, mining, industry, infrastructure, technology and mobility. This advance helps explain why Brazil became, in 2025, the world's main destination of Chinese investments. According to the Brazilian Business Council's …

·Rio de Janeiro, Brazil
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The success of Lula in the Brazilian elections will have repercussions on the strong tension in the South American economy that has already manifested itself for some time between US finance and the Chinese presence. Brazil is confirmed the primary strategic and economic hub of Latin America, representing a pole of attraction indispensable for the flows of international capital. At a time of strong redefinition of the geopolitical and commercial…

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South China Morning Post broke the news in Hong Kong, Hong Kong on Monday, October 26, 2026.
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