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Asia-PacificMay 2 2004

Foundation of Latin American economic revival is shaken by US and China

The signs for optimism in Argentina, Brazil and Mexico are under threat from a cooling of the Chinese economy and a probable rise in US interest rates.
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When fast-growing China seeks to join the Inter-American Development Bank, things must be looking up in the region, say the optimists. The pessimists, however, argue that China’s only motivation is to take its rightful place in international institutions.

At the risk of being labelled pessimists, The Banker inclines more towards the latter.

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