Chinese Trade Minister Chen Deming said on Monday that the country is open to more Brazilian exports and Chinese firms will broaden their investments in Latin America’s largest economy, Reuters reported. Chen, who is leading a delegation of more than 40 companies in Brasilia, said Chinese firms were in talks about US$1 billion in new investments in areas like infrastructure, green technology, high-technology and tourism. This includes a US$200 million plan by Sany Heavy Equipment International (0631.HK) to set up local production in Brazil. Trade and investment tensions have risen recently between Brazil and China; Brazilian manufacturers complain that cheap Chinese imports are destroying competitiveness. And although China became Brazil’s largest direct investor last year, its investments have targeted commodities rather than infrastructure or high-tech areas that create higher-value jobs.