Brazil plans to attract China's foreign reserves

The Brazilian government plans to tell the Chinese authorities that it is interested in attracting a share of China's foreign reserves, Brazilian financial newspaper, Valor Economico reported Wednesday 14 March.

"(Brazil) Is a highly favorable and competitive destination in areas that interest China, such as power, minerals, and there is complementary interest," said the president of the Brazilian central bank, Henrique Meirelles, in Switzerland where he took part in a meeting on the world eco