Li Keqiang arrives in Latin America with promise of US$50 billion in infrastructure investments
Premier Li Keqiang began a three-day visit to Brazil on Monday armed with a promise of some US$50 billion in infrastructure investments as his hosts finalise preparations for next year’s Rio Olympics.
Premier Li Keqiang began a three-day visit to Brazil on Monday armed with a promise of some US$50 billion in infrastructure investments as his hosts finalise preparations for next year’s Rio Olympics.
Li will hold talks on Tuesday with President Dilma Rousseff, for whom the investment bonanza will be a major boon as Brazil battles a fifth straight year of poor growth and spiraling inflation.
Li will then head for Rio to see some of China’s investment in the city, due to host South America’s first ever Olympic Games in August 2016.
Li will continue a Latin American trip designed to increase Chinese influence in the region by heading on Thursday to Colombia before visiting Peru and Chile.
His tour comes days after Beijing signed accords worth US$25 billion with Russia and US$22 billion with India.
