China To Invest Billions In Brazil

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News Americas, BRASILIA, Brazil, Weds. July 6, 2011: China is set to invest an additional 9 billion dollars in the South American nation of Brazil this year.

Alessandro Teixeira of Brazil’s Trade Ministry said Tuesday that half of the investment will be in the technology sector.

The announcement comes on the heels of Taiwanese manufacturer Foxconn announcement earlier this year that it will start production of Apple Inc. iPads in Brazil. USA, LLC