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China, Brazil unveil multi-billion-dollar deals

Beijing looks to invest US$53 billion in Brazil, as Premier Li starts first official visit to Latin America
Thursday, May 21, 2015 - 05:50

Mr Li with Ms Rousseff after signing agreements at the Planalto Palace in Brasilia on Tuesday. Mr Li's visit to Latin America is a huge boon for Brazil as the latter endures a fifth straight year of low growth.


CHINESE Premier Li Keqiang lifted the wraps on Tuesday on a multibillion-dollar series of trade and investment deals with Brazil, as Beijing looks to invest US$53 billion in South America's largest economy.

The news unveiled at the start of Mr Li's first official visit to

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