Brazilian agricultural exports to China should continue to rise in 2014 after China overtook the European Union as the region's largest destination country for agricultural products in 2013, a Brazilian official has predicted.
Four months since Minmetals Corp's initial bidding on Glencore-Xstrata's $5.2 billion Las Bambas copper mine in Peru, the deal is close to being final, according to people familiar with the matter, reports said.
With the 2014 FIFA World Cup and 2016 Olympic Games coming up, Brazil is experiencing soaring growth in the construction industry, which may bring huge opportunities for Chinese construction material suppliers, reports say.
Major Chinese ceramic dinnerware producers can enjoy a floor price of $3.20 per kilogram for the next five years when exporting their products to Brazil, as a result of six months of negotiations with the Brazilian government and companies, China's industry watchdog said.
After three years of being held back by an ailing domestic market that has failed to improve, Chinese construction machinery makers are increasingly deploying their resources and money in Latin America to fuel its robust growth.
China's reform and opening-up in the past three decades have established a great model for the developing countries in Latin America, said Ecuadorean Vice-President Jorge Glas, who called for further cooperation with China in new sectors to take bilateral ties to the next level.
China recently agreed to provide $10 billion in funding to the massive Pacific refinery project currently underway in Ecuador. The Refineria del Pacifico is a mega-refinery for processing crude and the largest public works project in the country.