03/23/2009 05:12 am ET | Updated May 25, 2011

China Ups Global Investing As Rest Of World Suffers Through Credit Crunch

With the world suffering through a credit crunch, China has suddenly gone shopping.

Beijing said on Friday that one of its big state-owned banks, the China Development Bank, agreed to lend Brazil's oil giant Petrobras $10 billion in exchange for sending China a long term supply of oil.

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