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China Deepens Ties to Brazil, Plans to Build Railways

China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure. In a raft of energy, finance and industry accords signed before presidents Xi Jinping and Dilma Rousseff, the two nations agreed to team up to build railways to help Brazil reduce its infrastructure deficit and feed China's hunger for commodities. One...

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