The relationship between Brazil and China is a highly complementary one. Historically based on the trade of natural resources, the two countries now see eye to eye when it comes to investment too. Brazil has large infrastructure needs that are still largely unmet while China has large levels of capital seeking investment opportunities.
Following years of Chinese loans to the Brazilian government and its state-owned companies, this match was solidified by the recent official launch of a $20bn Brazil-China Cooperation Fund dedicated to infrastructure investment in Latin America’s biggest economy, to which Beijing will contribute $15bn.
