[Marxism] Lula's China visit

[<marvgandall@xxxxxxxxxx>]

Brazilian president Lula?s state visit to China at the head of a huge business 
delegation, beginning today, is part of a strategic effort to connect the 
biggest emerging markets in the eastern and western hemispheres, says an 
article in the Financial Times. 

It is a development ?with potentially huge geopolitical implications?, writes 
the Times Latin American editor, Richard Lapper, based on ?solid economic 
fundamentals?. China?s insatiable economy needs Brazilian iron ore and other 
commodities, and Brazil is seeking Chinese capital to develop the 
infrastructure to bring them to market. 

The Asian power?s rapidly developing trade ties throughout Latin America poses 
a significant challenge for the US ?right in its own backyard?, says Lapper, 
especially at a time when American relations with Brazil, Argentina, and 
Venezuela have ?deteriorated?, raising the spectre of ?new power blocs in the 
region?. He suggests the US and other OECD countries will need to further 
invest and open their markets and borders to Latin American products and labour 
to compete with China. 

FT (sub only) article available on http://www.supportingfacts.com

Sorry for any cross posting.


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