Folha De S. Paulo: Investors Eye Brazil Election

Brazil, like many other democracies, is polarized over politics and foreign investment. Voters head to the polls on 28 October to select between far-right candidate Jair Bolsonaro and leftist Fernando Haddad. Bolsonaro has led in the polls, and China eyes the outcome, concerned about Bolsonaro’s nationalist views. “The candidate, already known for his criticism towards former state companies that were bought by Chinese investors, has been lately speaking again against Asian investments in Brazil,” reports Taís Hirata for Folha De S. Paulo. The president of the Chamber of Commerce Brazil-China suggests the candidate is needlessly worried about Chinese politics or control of Brazil – and that Chinese investments supported Brazil during a recession. Brazil ranks among the world’s top 10 economies and the country of more than 200 million is the largest democracy in South America. Brazil’s top exports are soy beans, iron ore, raw sugar and crude petroleum and the top destinations are China and the US. The US leads on imports, but China is close behind. Update: Bolsonaro won with 55 percent of the vote. – YaleGlobal

Folha De S. Paulo: Investors Eye Brazil Election

Bolsonaro, far-right candidate in Brazil, criticizes Chinese investment – China has invested more than $20 billion in Brazil since 2016
Taís Hirata
Saturday, October 27, 2018

Read the article from Folha De S. Paulo about Brazil’s election. Jair Bolsonaro won the presidential race with just over 55 percent of the vote, , reports CNN.

The article was translated by Natasha Madov.

Read about Brazil’s trade partners from OEC of MIT.

Copyright Folha de S.Paulo. All rights reserved.

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