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LatinNews Daily - 06 August 2021

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In brief: Pandemic impacts Chinese investments to Brazil

* The Conselho Empresarial Brasil China (CEBC), an independent bilateral institution which promotes dialogue between Brazilian and Chinese businesses, has published a study which shows that confirmed Chinese investments in Brazil totalled US$66.1bn between 2007 and 2020, accounting for 47% of China’s investments in South America during that period. According to the CEBC, Chinese investments in Brazil jumped 117% in 2019 compared with 2018, to US$7.3bn (despite China’s investment abroad falling overall that year), but then fell by 74% to US$1.9bn in 2020, the year that the coronavirus (Covid-19) pandemic hit the global economy. This reflects an overall trend of declining Chinese investments abroad last year, and also of falling foreign investments to the South American country and region. A separate report released by the United Nations Economic Commission for Latin America and the Caribbean (Eclac) has found that foreign direct investments (FDI) to South America fell by 40.4% in 2020 compared with 2019, and by 35.4% in Brazil.