Very interesting article from today’s FT-online which shows how China likes to operate.
China’s foreign direct investment (FDI) into Brazil rose from $300 million in 2009 to about $17 billion in 2010, quite an amazing leap. This helped to throw fuel on an already booming Brazilian economy, increase the value of the BRL, which in turn increased demand for cheap Chinese imports. The Brazilians will no doubt join the growing worldwide chorus calling for a much much stronger Yuan.
