Brazilian officials are visiting China to expand business between the two countries, especially in the food and drink sector.
Alessandro Golombiewski Teixeira, Brazilian deputy minister of Development, Industry, and Trade, said the two countries have common interests in improving agricultural trade, which will help satisfy China's growing demand for agricultural products and create more jobs in Brazil.
Brazil is the world's third-largest food exporter and China is the world's largest food consumer.
The Industrial and Commercial Bank of China Ltd, the world's biggest lender by market value, was given the go-ahead by Argentina's central bank to conduct its biggest takeover in nearly four years in the South American country.
It got the formal approval on Nov 8 to buy an 80 percent stake in Standard Bank Argentina and its two affiliates for $650 million, asset manager Standard Investments and Inversora Diagnol, a commercial service provider, ICBC said in a statement released on Saturday.
Chinese Commerce Minister Chen Deming has led a government trade delegation to Colombia to strengthen bilateral economic and trade ties.
China's strengthened ties with developing nations in Latin America are essential for the region's economic growth, a senior official at a UN regional body said Monday.
Lenovo Group Ltd has agreed to buy Brazilian consumer electronics maker CCE in a cash-and shares-deal worth approximately $147 million.
Lenovo Group Ltd has agreed to buy Brazilian electronics maker CCE, as it bets that Brazil's consumer market can help revive its profit growth.
Gree was among the first set of Chinese companies to enter Brazil in 1998. The company, ranked second in Brazil, sold 500,000 air conditioners there in 2011.
The Latin American region has now emerged as China's second-largest overseas investment destination, second only to Europe.
China's investment in Chile, currently standing at $94.7 million, is on the rise, due to Chilean government's stimulus measures.
Xinjiang Goldwind Science & Technology Co Ltd, a leading Chinese wind turbine manufacturer, is set to develop a 70-megawatt (mw) wind farm in Chile, the company announced Tuesday in Beijing.
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