China and Brazil Confirm Trade and Investment Deals Worth Billions

Chinese premier Li Keqiang lifted the wraps Tuesday on a multibillion series of trade and investment deals with Brazil, as Beijing looks to invest $50 billion 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. Li’s host, President Dilma Rousseff, hopes Brazil can direct Chinese cash to overhaul decaying infrastructure as the country’s tourist magnet Rio de Janeiro prepares to host South America’s first ever Olympics next year.