Dec. 15 (Bloomberg) -- The U.S. is the biggest foreign investor in Brazil, with assets exceeding China’s by more than 13 to 1, even after Asia’s biggest economy supplanted the U.S. as the country’s biggest trading partner.
The stock of U.S. investments in Brazil, excluding inter- company loans, totaled $105 billion at the end of 2010, according to a report published today by the central bank. Chinese investments totaled $8 billion, putting it in 16th place behind countries including Canada and Mexico.
Investments in financial services account for 17 percent of the stock of foreign investments, followed by the drinks industry, with 9 percent, the central bank said. Foreign investment has increased to $580 billion in 2010, from $163 billion in 2005, the central bank said. Including inter-company loans, the total figure was $661 billion, according to the report.
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