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FYI: It's easy to dismiss the "Brazil, Russia, India, China" market as an odd amalgam that's gained popularity only because it has a conveniently easy-to-pronounce acronym. That would belie the fact that many investors still view the quartet as a kind of "sweet spot" in the emerging market spectrum, and there's roughly $750 million allocated to the three major ETFs tracking the space. Regards, Ted http://www.etf.com/sections/blog/23778-stay-on-sidelines-with-bric-funds.html?tmpl=component&print=1&layout=default&page=
Quite the long term infrastructure investment.Somehow I would think they'll need massive western help (engineering,equipment,tech support,etc.) Oligarchs probably the big winners! (An oligarchy is a form of government in which most of the political power effectively rests with a small segment of society, typically the people who have the most wealth, military strength, ruthlessness or political influence.)
Moscow and Beijing shake hands on another mammoth energy deal that could ease Russia's isolation, power China, and bring the two closer together. BY KEITH JOHNSON NOVEMBER 10, 2014 The preliminary accord, which comes just months after China and Russia inked a landmark, $400 billion natural gas deal, is a reflection of the shifting balance of power in Asia. It's a marriage based on needs: Russia's to break out of the isolation imposed by the West in the wake of its annexation of Crimea and China's for reliable and affordable sources of energy. At a time when the United States is pushing back against China on a host of fronts, "China would like to show openly that Sino-Russian energy cooperation is no longer driven by necessity but forms a core part of strengthened, strategic-level cooperation between the two countries," said Keun-Wook Paik, an associate fellow at Chatham House and an expert on China-Russia energy dealings.
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Moscow and Beijing shake hands on another mammoth energy deal that could ease Russia's isolation, power China, and bring the two closer together.
BY KEITH JOHNSON NOVEMBER 10, 2014
The preliminary accord, which comes just months after China and Russia inked a landmark, $400 billion natural gas deal, is a reflection of the shifting balance of power in Asia. It's a marriage based on needs: Russia's to break out of the isolation imposed by the West in the wake of its annexation of Crimea and China's for reliable and affordable sources of energy.
At a time when the United States is pushing back against China on a host of fronts, "China would like to show openly that Sino-Russian energy cooperation is no longer driven by necessity but forms a core part of strengthened, strategic-level cooperation between the two countries," said Keun-Wook Paik, an associate fellow at Chatham House and an expert on China-Russia energy dealings.
http://www.foreignpolicy.com/articles/2014/11/10/xis_just_that_into_you_russia_china_natural_gas_altai_gazprom