China has agreed to lift restrictions on imports of Brazilian chicken and to allow in more beef, further boosting the two countries’ fast-growing trade partnership.

Beijing also said on Tuesday it would lend up to $10bn (€7.4bn, £6.5bn) to Petrobras, Brazil’s government-controlled oil company, in exchange for guaranteed oil supplies over the next decade. Brazil will provide 200,000 barrels a day of oil to Sinopec, China’s state oil company, for the next 10 years.