Xi Brings Brazil Chinese Deals for Jets, Energy, Cars
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China pledged more than $8.6 billion in investments and loans in Brazil today as President Dilma Rousseff vows to attract capital to stimulate a slowing economy.
China ordered $3.2 billion worth of jet planes from aircraft manufacturer Embraer SA and offered a $5 billion, three-year credit line to the country’s largest exporter, Vale SA, Rousseff and the iron ore producer’s Chief Executive Officer Murilo Ferreira told reporters today in Brasilia. The announcement followed Rousseff’s meeting with China’s President Xi Jinping.