Chinese Economic Statecraft and China's Oil Development Finance in Brazil

Q2 Social Sciences

Journal of Current Chinese Affairs Pub Date : 2021-12-01 DOI:10.1177/18681026211057134

Pedro Henrique Batista Barbosa

引用次数: 2

Abstract

Over the last years, Brazil and China's oil-related finance activities have expanded substantially. Between 2007 and 2019, Brazilian companies received approximately one-fourth of Chinese policy banks overseas oil-related loans, and Chinese financial institutions became Brazil's biggest oil company Petrobras’ main creditor. A deep analysis of these loans highlights their usage as economic statecraft tools, with impacts on the bilateral crude trade and investments. Loan-for-oil mechanisms, content purchase requirements, and a countercyclical lending pattern have helped to influence Brazilian players to behave in a manner conducive to the Chinese state's energy security objectives and strategic goals, namely increase of imports, diversification of sources, and internationalisation of firms. With these loans, China has satisfactorily guaranteed a stable oil supply over time and has helped Chinese equipment makers and service providers to expand their footage in Brazil.

查看原文本刊更多论文

中国的经济治国方略与中国在巴西的石油开发融资

过去几年，巴西和中国的石油相关金融活动大幅扩张。2007年至2019年，巴西企业获得了中国政策性银行约四分之一的海外石油相关贷款，中国金融机构成为巴西最大石油公司巴西国家石油公司(Petrobras)的主要债权人。对这些贷款的深入分析凸显了它们作为经济策略工具的用途，对双边原油贸易和投资产生了影响。贷款换石油机制、内容购买要求和逆周期贷款模式有助于影响巴西参与者的行为，使其有利于中国国家的能源安全目标和战略目标，即增加进口、来源多样化和公司国际化。通过这些贷款，中国令人满意地保证了长期稳定的石油供应，并帮助中国设备制造商和服务提供商扩大了在巴西的业务。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Current Chinese Affairs Social Sciences-Political Science and International Relations

CiteScore

3.20

自引率

0.00%

发文量

审稿时长

7 weeks

期刊介绍： The Journal of Current Chinese Affairs is an internationally refereed academic journal published by the GIGA Institute of Asian Studies, Hamburg. The journal focuses on current developments in Greater China. It is simultaneously published (three times per year) online as an Open Access journal and as a printed version with a circulation of 1,000 copies, making it one of the world’s most widely read periodicals on Asian affairs. The Journal of Current Chinese Affairs, unlike some other Open Access publications, does not charge its authors any fee. The Journal of Current Chinese Affairs reaches a broad international readership in academia, administration and business circles. It is devoted to the transfer of scholarly insights to a wide audience. The journal is committed to publishing high-quality, original research on current issues in China in a format and style that is accessible across disciplines and to professionals with an interest in the region. The editors welcome contributions on current affairs within Greater China, including Hong Kong, Macau and Taiwan. Submissions can focus on emerging topics and current developments as well as on future-oriented debates in the fields of China''s global and regional roles; political, economic and social developments including foreign affairs, business, finance, cultural industries, religion, education, science and technology; and so on.