China to announce billion-dollar investment in Brazilian port of Sao Luis – sources

Speaking on condition of anonymity, the sources said the announcement will be made at the summit of leaders of Brazil, Russia, India, China and South Africa, the so-called BRICS group of emerging nations, who are meeting in the Brazilian capital for a two-day summit.

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The deal will be part of the largest foreign direct investment into Brazil this year, one of the sources said, without revealing any figures. (Representational Image)

China will make a billion-dollar investment in the Brazilian port of Sao Luis via China Communications Construction Company, two sources with direct knowledge of the matter said on Wednesday.