REUTERS/ Backed by cheap state financing, China is now Brasil's biggest foreign direct investor with purchases of iron ore mines, farmland and even the electrical grid. "China's interest in Brasil has gone from looking for assets in resources to infrastructure. Its aim is to create a stronger middle class so Brasil becomes a stronger customer and partner for China," said banker Eduardo Centola. Chinese investments announced this year are not all confirmed, but compare to just $83 million in 2009. "The Chinese investment is welcome, but not with much enthusiasm because it is creating hardly any jobs and not having much impact on increasing our exports," said researcher Roberto Giannetti da Fonseca.
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