Maureen Farrell – CNN Money, 05/01/2012
Even as emerging market growth slows, China and Brazil still expect the kind of growth that makes American and European policymakers salivate.
Yet these superpowers haven’t yet formed healthy, mutually beneficial economic alliances. The push-pull between the two illustrates the challenges both countries have as they try to amass global scale.
Xi-Qing Gao, the head of the Chinese government’s roughly $400 billion private investment fund, said he’s wary of investing in Brazil because tax changes and new governmental mandates are unpredictable.