“Premier
Li Keqiang arrived in Brasilia on Monday to sign agreements on
infrastructure, energy and aviation that experts say could reach at
least $100 billion. Li's visit, which will also take him to Colombia,
Peru and Chile, aims to restructure China's resource-driven trade
with Latin American countries by including more value-added products.
[...] He will also address Chinese and local corporate leaders about
China's plan to upgrade its trade with Latin America's largest
economy through better financing and targeted industries.”
“China
previously had said deals expected to be signed with Brazil include a
feasibility study for a rail link from Peru's Pacific coast to
Brazil's Atlantic coast. The project seeks to lower transport costs
of Brazilian products to China. It also would fit into China's plan
to export globally its expertise on high-speed railways. Under the
Program of Investments in Logistics, Brazil will invest $65.8 billion
in construction and expansion of its aging highways and railways.”
“The
State Grid Corporation of China has invested more than $1 billion to
construct and manage power transmission projects in Brazil. Chinese
investors are also very interested in railways and 'all the large
railways groups in China want to operate in Brazil,' [...] China has
been Brazil's largest trade partner since 2009, accounting for 18
percent of the country's foreign trade. Despite a slight decrease,
bilateral trade last year was $78 billion, according to Brazilian
authorities.”
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