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China Gets Closer to Latin America

  •  World
http://www.bbc.com/news/business-32747454

 China set to invest up to $50 billion in Brazil for new infrastructure projects. Next week Chinese Prime Minister Li Keqiang will visit Brazil and the banks of the both sides will sign the project bill. The projects are directed to build railway from Brazil’s Atlantic cost to the Pacific coast of Peru in order to reduce the cost of exported goods from Latin America to China. Brazil currently exports iron ore to China, BBC reports.

The Chinese Prime Minister is planning to visit also to Colombia, Peru and Chile as the Chinese president pledged to invest $250 billion to Latin America over 10 years.

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