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Chinese Premier Li Keqiang left Beijing on Sunday morning for official visits to Brazil, Colombia, Peru and Chile.
Chinese Premier Li Keqiang and senior leaders held talks with visiting US Secretary of State John Kerry on Saturday in downtown Beijing amid escalating tensions about the South China Sea.
The partnership with China "should and will flourish" said the Indian Prime Minister in Shanghai.
Details of the investment will be divulged during the Chinese Premier’s official visit to Brazil next week.
The two sides have set a bilateral trade target of $100 billion by 2015.
The two leaders will acknowledge the increasing clout of developing economies in the new global financial architecture.
The contract win will boost to Beijing’s bid to improve connectivity with Russia and Europe.
High on the agenda of talks are the BRICS Bank, bilateral ties, the trade deficit, China’s Silk Route revival and India’s manufacturing drive.
US President Barack Obama had accused China of "flexing its muscles" to advance its territorial claims at sea.
This is the third round of rate cuts by the PBOC following one in November 2014 and another in March 2015.
