When Dilma Rousseff, Brazil’s president, visited China last month, she signed 20 bilateral trade and investment deals.
Among the big-ticket items was a commitment by ZTE, China’s second-largest telecom equipment maker, to build an industrial park in Hortolândia, close to São Paulo.
Although ZTE, a state-controlled company listed in Hong Kong, refuses to put a figure on its planned total investment, sources familiar with the situation put it at several hundred million US dollars.
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