China, Brazil Agree to $50 billion Infrastructure Fund, Trans-Oceanic Railway and Billions More in Deals

``Landing first in Brazil, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef. Infrastructure investment plans also include a controversial project to build a railroad that would slice across the Amazon and the Andes mountain range... Li and Rousseff [also] announced that the Industrial and Commercial Bank of China Ltd (ICBC), the world's largest bank by assets, will set up a $50 billion fund with Caixa Economica Federal, Brazil's largest mortgage lender, to invest in infrastructure projects in the South American country.''