April 12, 2011
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Brazil’s President Dilma Rousseff begins her first visit to China today for a summit of leaders from the Brics club of fast-growing emerging markets, the FT reports. While she will raise Brazil’s gripes with Beijing, such as China’s allegedly undervalued currency and greater reciprocity for Brazilian manufactured exports, Ms Rousseff will be keen to witness first-hand the Asian economic powerhouse’s successful experiment in statist industrial policy – an approach her government is increasingly moving towards at home.
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