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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
Add BT as a preferred sourcePublished Wed, May 20, 2015 · 09:50 PM
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 Latin America is a huge boon for Brazil as it endures a fifth straight year of low growth, after a period of rapid expansion fuelled by Asian demand for commodities that has since slowed.
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