So much for the trade deal. It’s not the first — and it won’t be the last — time that this kind of non-tariff barrier conflicts with a trade agreement.
Looks like Brazil’s President Lula will arrive in the USA with a strong hand given the dramatic increase in Chinese investment in Brazil’s mining sector over the last year.
The investment focus is not surprising, but the scale is. China’s investment in the sector increased +45% in the last year alone, coinciding with G7 initiatives to diversify supply & value chains. Apologies to all, but the link below is paywalled.
China pours US$6.1b into Brazil, making it Beijing’s top global investment
https://www.scmp.com/news/china/diplomacy/article/3352676/china-pours-us61b-brazil-making-it-beijings-top-investment-worldwide-report?share=nz9Z3vZdf5SOwcc6fgq7rJYbRoJmZaFgsPFSJfMNZ%2Br%2F9vZB40bn7BAvuXrW4btK0MRQPXUNoZhbNNSbDQWfzH47IUgF1je8YcwMQCb1Xdy42vkLvPntSmRcuvlmdcKMk2rXRRQMc7AUXoRGsH4mYQ%3D%3D&utm\_campaign=social\_share
If you use factor models to measure risk, this webinar by PRMIA on Wednesday might be of interest. PRMIA is the Professional Risk Managers' International Association.