Factbox: China's surging direct investment in Brazil

Source: Reuters

Following are some of the major deals that have been announced:

* Wuhan Iron and Steel Co is investing up to $5 billion to build a steel mill in northern Rio de Janeiro state. It previously paid $400 million for a stake in Brazilian mining firm MMX.

* China's Sinochem Corp won the bidding for a $3 billion stake in a Statoil offshore Brazilian oil field.

* East China Mineral Exploration and Development Bureau agreed in March to pay $1.2 billion for Brazilian iron ore miner Itaminas Comercio de Minerios.

* State Grid, China's biggest electrical utility, agreed to pay $1.7 billion for seven Brazilian electricity transmission companies.

* Automaker Chery Automobile Co. will invest about $700 million to build its first production plant in Brazil, according to media reports.

* Chinese investment group Honbridge Holdings bought an iron ore mining firm in Minas Gerais state for $390 million from Brazilian firm Votorantim.

* Construction machinery maker Sany Heavy Industry is spending $200 million to build a plant in Sao Paulo.

* Chinese state firm Chongqing Grain Group is seeking to invest $300 million to buy 100,000 hectares of land in the northeastern state of Bahia to cultivate soya.

* China agreed last year to lend $10 billion to Brazil's Petrobras in return for guaranteed oil supply over the next decade.