China invests $50bn in Brazil’s energy sector

China is providing $50 billion (£32bn) to boost Brazil’s energy sector. Brazilian oil and gas company, Petrobas, will receive $7 billion (£4.5bn) to support oil projects in the country. The cash will also help mining firm Vale finance 24 mining ships. In addition, the Government of China and Brazilian renewable company EDPR have signed co-operation agreements […]