Chinese Savings and the Wealth Effect
I was at a conference in Sao
Paolo, where I was lucky enough to share the stage with a number of
luminaries, including Pedro Malan. Needless to say the subject of China
is hot in Brazil. There is a great deal of soul-searching about the
impact of Chinese commodity purchases on Brazil’s economy, along with a
great deal of hope and dread.
Paolo, where I was lucky enough to share the stage with a number of
luminaries, including Pedro Malan. Needless to say the subject of China
is hot in Brazil. There is a great deal of soul-searching about the
impact of Chinese commodity purchases on Brazil’s economy, along with a
great deal of hope and dread.