Official: China wants to put $10B in Brazil oil

China seeks to loan Brazil's state oil company $10 billion to help develop new oil fields off the coast of Rio de Janeiro. The deal has not yet been confirmed but this China deal may be part of other deals in the next few weeks considered for Brazil's new investment plan. China has begun to build infrastructure in Africa and is turning its eye towards South America as well. These deals will help give China access to resources. 

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