China Preparing National Investment Company of Foreign Exchange EstablishmentBrazil Waiting for Opportunity
Henrique Meirelles, president of Bank of Brazil, revealed recently about China utilizing some foreign exchange reserve to establish a foreign exchange investment company that Brazil was concerned about the USD1000b Chinese international reserve and would increase overseas strategic investment. Brazil will be waiting for opportunities and contacting with Chinese side. He said the strengths of China and Brazil are complementary to each other and a friendly tie was maintained between two countries. Brazil is interested in investing in such unique fields in China as energy and mine, and Brazil possesses the best condition to accept Chinese investment and is the best investment choice for China.

As reported, in 2006 the amount of foreign direct investment taken over by Brazil was one fourth of the amount taken over by China. According to UN statistics, China has become the world important investor. In 1991, there was only USD3b investment abroad from China and now the total investment in over 160 countries of China has reached USD40b.

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