CHINA-SOUTH AMERICA: BRAZIL
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BBC reported on May 15, 2015 that during Chinese Premier Li Keqiang's visit to Brazil next week, agreements for Chinese investments totalling almost US$ 50 billion for new infrastructure projects are due to be signed by banks from both countries.
The investments will be in a project to build a railway link from Brazil's Atlantic coast to the Pacific coast of Peru to reduce the cost of exports to China and finance a joint venture to produce steel. Money is also expected to be invested in car parts, energy, ports, hydroelectric power and railways.
The Chinese prime minister will also be visiting Colombia, Peru and Chile.
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