The expansion of Chinese foreign investment: the case of the Brazilian energy sector

• Autor(a) principal: Schutte, Giorgio Romano
• Data de Publicação: 2018
• Outros Autores: Debone, Victor Sant'Anna
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Conjuntura Austral
• Texto Completo: https://seer.ufrgs.br/index.php/ConjunturaAustral/article/view/76332
• topic: China; IED; petróleo; setor elétrico; Brasil.; China; FDI; Oil; Energy Sector; Brazil

Since the end of the 2000tees there has been a considerable amount of Chinese investments in Brazil´s energy sector, specifically in oil and electricity. These flows are part of a wider movement that transformed China from a net recipient to a net exporter of capital. This article analyses the dynamics of this new reality in the Brazil case, in the framework of Chinese strategy for a new stage in its internationalization and the strategies of the companies involved. Investments in the oil sector correspond basically to a resource-seeking strategy that has been a reality for a longer period of time and reflects China´s high dependence of fossil energy in general and import dependency of oil in specific. On the other hand, the investment flow in the electricity sector corresponds to a new strategy of capital export and market-seeking based on technological supremacy.