Xi then met behind closed doors with a dozen latin american and caribbean leaders, including cuba's communist president Raul castro
After the summit Rousseff said China proposed the creation of a$20-billion fund to finance infrastructure projects in latin america and the caribbean
He also offered acredit line of up to $10 billion to nations of the community of latin america and Caribbean States (CELAC)
in addition, a Chinese-latin america cooperation fund fo $5 bil-lion would be set up for investments.
Earlier, Rousseff and Xi oversaw the signing of several agreements between the two emerging powers.
Chinese companies agreed to buy 60 Brazilian Embraer E190 passenger airplanes worth a total of $3.2 billion
The two countries also reached agreement to cooperate in railway projects and shipping that could facil-itate Brazilian exports to resource-hungry China.
The Asian giant's import-export bank will loan $5 billion over three years to Brazilian mining powerhouse Vale so that the company, which ships iron ore to China, can buy or rent vessels
The two nation signed a cooperation agreement for railway projects, with Brazil hoping China will help build tracks linking the continentsized south American country to Peru's Pacific coast