Friday, May 15th 2015 – 07:38 UTC The project of a trans-continental railway, Atlantic to Pacific, with Chinese funds| glObserver Global Economics


The 10bn dollar mega project is expected to be formalized during a four-country Latin American tour by Chinese Premier Li Keqiang The 10bn dollar mega project is expected to be formalized during a four-country Latin American tour by Chinese Premier Li Keqiang. The railway is expected to slash the cost of exporting commodities from Brazil to China.

Source: globserver.cn

China has become the top trading partner of Brazil and Peru, overtaking the US in 2009 and 2014, respectively. It’s as well a top consumer of Venezuelan oil and a top lender to the Venezuelan government. Besides Brazil and Peru, Premier Li Keqiang will travel to Colombia, to discuss additional infrastructure projects, and to Chile, where China has significant interests in its huge copper imports.

See on Scoop.itglObserver Americas

Author: globserver

Director of Eyecom china

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