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Jair Bolsonaro’s anti-China rants have Beijing nervous about Brazil

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10/29/2018 05:46 AM
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Jair Bolsonaro’s anti-China rants have Beijing nervous about Brazil
Bolsonaro has portrayed China, its largest trading partner, as a predator looking to dominate key sectors of its economy.

With its own economy slowing, China cannot afford to become embroiled in another costly trade war like that which has erupted between Beijing and Washington.

Two-way trade between China and Brazil stood at $75 billion last year, according to Brazilian government statistics. China has invested $124 billion in Brazil since 2003, mostly in the oil, mining and energy sectors. China is eager to bankroll railway, port and other infrastructure projects here to speed the movement of its Brazilian grain.

But the far-right Bolsonaro, much like U.S. President Donald Trump, has criticized China repeatedly on the campaign trail, saying the Chinese should not be allowed to own Brazilian land or control key industries.

“The Chinese are not buying in Brazil. They are buying Brazil,” Bolsonaro has warned repeatedly.

[link to www.japantimes.co.jp (secure)]

Brazil's new president knows exactly what China is up to...just like Trump...