China’s Slowdown Casts a Shadow on Lula’s Big Bet on Beijing
- China real estate crisis reverberates through Brazil’s economy
- Economists warn central bank of new fiscal, currency pressures
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Since taking office in January, Brazil President Luiz Inacio Lula da Silva has placed China at the center of his attempts to foster an industrial and economic renaissance in South America’s largest country.
But as leaders of the world’s major emerging market powers return home from their annual meeting in South Africa this week, the sudden struggles of the group’s most dominant member are starting to cloud Lula’s plans.