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China Agrees to US$53 Billion Investment in Brazil

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - The government announced that on Tuesday (May 19th), during the official visit of Chinese Prime Minister Li Keqiang, investment agreements worth US$53.3 billion will be made in the areas of agribusiness, auto parts, equipment transport, energy, railways, highways, airports, ports, storage and services.

China is already Brazil’s most important trading partner, worth US$6.5 billion in 2003 and growing to as much as US$77 billion by the . . .

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