Posted inChina, World

Brazil, China open US$20 billion fund for projects

A China-sponsored, US$20 billion fund is ready to receive investment pitches, the Brazil Planning Ministry’s foreign affairs secretary, Jorge Arbache, said on Monday. The fund agreed on last year is expected to help finance the construction of railroads. This will link Brazilian soy- and corn-producing areas to ports, potentially boosting Brazil’s economy as it slowly […]