China and Brazil confirm trade and investment deals worth billions | WHAT REALLY HAPPENED

China and Brazil confirm trade and investment deals worth billions

Chinese premier Li Keqiang lifted the wraps Tuesday on a multibillion-dollar series of trade and investment deals with Brazil, as Beijing looks to invest $50bn in South America’s largest economy.

The news unveiled on the Chinese official visit is a huge boon for Brazil as it endures a fifth straight year of low growth after a period of rapid expansion fueled by an Asian demand for commodities that has since slowed.

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