RoundUp

Chinese investment in Brazil rose almost three-fold in the first half of 2018, compared with the same period in 2017, but it is expected to slow in the year’s second half because of Brazil’s presidential election planned for October, the Brazilian planning ministry said on Monday.

Chinese investment jumped to $1.54 billion in the January-June period, from $589 million in the same months in 2017, the ministry said in a statement.

This year’s investment is unlikely to catch up as Chinese firms appear to be holding off on investing until 2019, when a new president is set to take over in Brazil, said Jorge Arbache, vice planning minister for international affairs, during an interview.