Work

Reciclaje externo de divisas y financiamiento estatal en el apoyo a la expansión de empresas chinas en el sector energético brasileño (2008-2019)

Year: 2026

Type: article

Abstract: The article analyses how China used mechanisms of external foreign exchange recycling to finance investments in the Brazilian energy sector between 2008 and 2019. Drawing on Hyman Minsky’s concept of Money Manager Capitalism and from the perspective of International Political Economy, the paper shows how the Chinese state coordinated development banks, sovereign wealth funds, and state-owned enterprises to support the international expansion of strategic companies. The study highlights that the accumulation of international reserves enabled China to strengthen its presence in sectors such as oil, gas, and electricity in Brazil, particularly by taking advantage of periods of economic and political crisis that created opportunities for the entry of Chinese capital.

Source: Estudios Energéticos del Sur Global

DOI: 10.24201/eesg.2025v1.e26

Author: Fernando Amorim Teixeira

Institution: Universidade Federal Fluminense

Language: English

Topic: State Capitalism and Financial Governance

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Partnerships for the goals, Industry, innovation and infrastructure

Open Access status: hybrid

OpenAlex ID: W7214062009

FWCI:

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