In the Brazil leg of his state visit to South America, Chinese President Xi Jinping has called for the bolstering of economic ties between the two nations.

Heralding 40 years of diplomatic ties, President Xi also called for more cooperation on the international stage and is pushing for more rights for developing countries. CCTV’s Nathan King reports.

Highlights of China-Brazil Deals signed during Chinese President Xi Jinping’s visit

• Chinese companies agree to buy up to 60 Brazilian Embraer E-190 passenger airplanes worth a total of $3.2 billion.
• The two countries also reached agreements to cooperate in railway projects to run across South America.
• China’s Eximbank extended a $5 billion credit line to mining company Vale to buy or lease ships and shipping equipment from Chinese companies.
• Bank of China (BOC) gives $2.5 billion line of credit to mining company Vale to buy Chinese equipment and services.
• Chinese President Xi Jinping and Brazilian President Dilma Rousseff launched the Portuguese-language version of China’s Baidu Internet search engine.

For more on the importance of Chinese President Xi’s state visit to Latin America, CCTV was joined by Eric Farnwsworth. He is vice president with Council of the Americas: a business and trade-based organization.

Eric Farnsworth talk Xi in Latin America

For more on the importance of Chinese President Xi's state visit to Latin America, CCTV was joined by Eric Farnwsworth. He is vice president with Council of the Americas: a business and trade-based organization.