TABJ - July 8 - China’s focus on investment in Brazil continues to transition from agriculture towards the plentiful mining industry, and a new announcement worth $4.5 billion to Brazil’s technology sector is the latest indication that the move is underway.

Speaking to Chinese press, Alessandro Teixeira, deputy minister of Brazil's Ministry of Development, Industry and Foreign Trade, said that the nation’s investment in Brazil looks likely to hit $9 billion this year. She also said that, “Seventy per cent of the trade between Brazil and China is basically commodities.”
 Half of this amount appears to be earmarked for technology-related involvements, and as Brazil continues to urge its long-term export champion partner to trend towards the mining industry, announcements continue to suggest that the nation will commit capital accordingly.

Between 2001 and 2010, trade between China and Brazil is said to have upped by a multiple 16 volumes—with investment in Brazil taking a sharp upturn between $300 million in 2009 to $17 billion in 2010.