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China Exim Bank, Brazilian companies make loan deals

Xinhua, May 21, 2015 Adjust font size:

The Export-Import Bank of China (China Exim Bank) has inked agreements worth 6.65 billion U.S. dollars with four Brazilian companies, mainly supporting them to introduce technology from China.

The deals will help Brazilian miner Vale and energy giant Petrobras to import advanced ships and oceaneering equipment, and provide financial aid to Chinese enterprises to buy 40 E-190 jets from Brazilian aerospace conglomerate Embraer, China Exim Bank said on Thursday.

The deal means Chinese shipmakers can expect new orders for ships of 8 million deadweight tonnes.

The bank also made a deal with the Brazilian Development Bank to facilitate investment from Chinese companies.

An executive of China Exim Bank said it will intensify its effort, by loans and equity investment funds, to help domestic companies invest in Latin America. Endi