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China to reinforce Brazilian infrastructure

China is investing heavily in Brazilian infrastructure with a view to bringing down the price of export rates for dry bulk from Brazil to China, Reuters reports.

Photo: Vale

Trade between China and Brazil has gone up markedly in the last decade, and China has now chosen to invest heavily in the infrastructure in Brazil to help the country along further, Reuters reports.

One of the projects facilitated by the investments will help the dry bulk industry, as China will put up money for a new railroad running from the east coast of Brazil through the Andes and all the way to the coast of Peru bordering the Pacific Ocean. The new railroad could lead to savings of USD 30 per ton of exported grain from Brazil to China.

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