Al Jazeera | Almost half of China’s current investments in South America are in Brazil, which offers opportunities for Chinese manufacturers, said Tulio Cariello, content and research director at the Brazil-China Business Council.
“Brazil is a country that has an emerging middle class,” he told Al Jazeera, “and it is a country where people want to have a car.”
According to Brazil’s Institute of Geography and Statistics, just under 50 percent of the country’s households had a car in 2022, compared with 92 percent in the United States.
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