Political Risk Latin America Blog @PolRiskLatam

Brazil, China: Drawn into an ever closer embrace

Posted in News and Articles, Political Risk by politicalrisklatam on May 23, 2011

by Financial Times – Beyond Brics, May 23rd, 2011.

Brazil is looking towards China – and China is looking right back.

As these two leading emerging economies draw each other into an ever closer embrace – China to Brazil for its natural resources and Brazil to China for its deep pockets – few doubt that the world is witnessing the birth of one of the greatest commercial relationships of the future.

But as the FT reports on Monday in its Brazil & China special report, far from being a smooth passage, it is a relationship that will be fraught with challenges and misunderstandings along the way.

As Joe Leahy, the FT’s Brazil correspondent writes, it would be difficult to find two large countries in the modern world that are less familiar with each other than China and Brazil or that are more different socially, politically and culturally.

Already there are growing tensions, with most of them originating from the Brazilian side. (continue reading… )

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