Is Lula’s upset win also a victory for Chinese firms in Brazil?

With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter.

A presidential election in Brazil, a country thousands of miles away, might seem like just another headline to many in China. But for Chinese companies doing business...