You are here

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

BT_20150521_CPBRA21LK0O_1679540.jpg
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.

Brasília

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