Tag Archive: Chinese ‘economic colonisation’ of Brazil continues with a $50bn railway running across South America

Chinese ‘economic colonisation’ of Brazil continues with a $50bn railway running across South America

Chinese ‘economic colonisation’ of Brazil continues with a $50bn railway running across South America China is creating a massive investment fund worth $50 billion in Brazil. A deal is due to be signed by banks from both countries when Li Keqiang, the Chinese prime minister, visits Brazil next week, according to reports. The fund will be used primarily to build a railway link that runs from Brazil’s Atlantic coast to the Pacific coast of Peru. Money will also go towards the production of steel, investments in car parts, and energy, ports, hydroelectric power and railways. Why? Soy, oil and iron… View Article