Despite turmoil, China is going long on Brazil: FT

Brazil is facing its worst recession in recent history coupled by a fraught political future, yet those sad facts aren’t scaring away Chinese investment from Latin America’s largest economy. In fact, China’s largest infrastructure developers are expected to take even longer positions in Brazilian power projects, despite the dip in the global energy market. What’s more, Brazil isn’t alone in appealing to China’s bullish building sentiments. Soured expectations in Venezuela have turned Beijing’s gaze elsewhere on the continent, with a survey by the Financial Times indicating that Argentina, Mexico and Colombia will be the most likely to benefit from new infrastructure investments.