support project: However, the momentum of the relationship is in doubt given that Bolsonaro has repeatedly criticized China's purchases of Brazilian assets as being a strategic threat to the country, according to Global Times China. In the past 10 years, more than 200 Chinese companies have opened branches in Brazil. China is Brazil's largest trading partner and a leading investor in Brazil. China's investment in Brazil has grown at an average annual rate of 29 percent to reach a total of 40 billion, contributing to the country's economic leap. Bolsonaro has so far not directly expressed his views on the project, Chang said. Chang Zhongjiao, general manager of State Grid Brazil Holding, said that related Brazilian government departments continue to support a project involving the second phase of a power transmission line at Belo Monte's large hydroelectric plant.
(news.financializer.com). As
reported in the news.
Tagged under support project, trading partner topics.