China II

They know whats up in South America too. Off Brazzil.

Brazzil News

"Just last week, Brazil hosted the Chinese President, Hu Jintao on an official state visit. Brazil's President, Luiz Inácio Lula da Silva, has signed an accord with the Chinese on tourism, technology and industry.

The most important part of the signed treaty is that Brazil will recognize China's economy as a 'market economy'.

China in return will support Brazil's bid to enter the UN security council, open its market to Brazilian exports and provide Brazil with nearly 2 billion dollars in infrastructure investments.

In order for China to invest in rebuilding roads, trains and seaports Brazil's congress will need to pass a new PPP (private-public partnership) law.

This new law is designed to stimulate, throughout Brazil, public and private sector cooperation in investments that the country desperately needs.

According to many experts, Brazil's infrastructure needs roughly 20 billion dollars each year. It is doubtful that Brazil will receive even half this amount in 2004."