By Manuela Andreoni and Luciana Magalhaes

SAO PAULO (Reuters) -Brazil has emerged as the third-biggest destination for Chinese investments in the world, a study showed, with dozens of projects across several sectors attracting $4.2 billion last year, as the two countries tightened diplomatic ties.

The study by the Brazil-China Business Council (CEBC), a think tank, showed Chinese direct investment in Brazil more than doubled in 2024 from 2023, as companies continued to pour money into energy projects and entered new areas, such as electric cars and food delivery.

“China’s arrival is excellent, it will trigger a competitive shock to other companies in Brazil’s industrial sector,” said Uallace Moreira, Brazil´s Secretary of Industrial Development, Innovation, Trade and Services, adding, “

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