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China’s strategic $3.5 billion investment in Brazil bolsters BRICS alliance: Details

China’s strategic $3.5 billion investment in Brazil bolsters BRICS alliance: Details


Cryptopolitan
2024-01-28 22:01:24

China has announced a substantial investment of $3.5 billion into Brazil, a fellow BRICS nation. This investment, primarily targeting Brazil’s mining sector, marks a crucial step in strengthening the cooperation within the BRICS alliance, particularly between China and Brazil. The move comes on the heels of China achieving a record share of Brazilian agribusiness exports


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