Brazil’s Potential China Crisis
When the People’s Bank of China raised interest rates in July — the third such hike of the year as the central bank struggles to slow that country’s speeding inflation — Brazil’s benchmark Bolsa de Valores, Mercadorias & Futuros de São Paulo, or BM&F Bovespa, index tumbled as investors took profits, fearful that a slowdown in China would lead to an economic reversal in Brazil.
Thomas W Johnson
September 1, 2011