Miriam Leitao at PostGlobal

Miriam Leitao

Rio de Janeiro, Brazil

Miriam Leitao is a reporter and columnist for O Globo and Radio CBN in Brazil. She is also a commentator on Globo TV Network and runs her own blog, www.miriamleitao.com, hosted at Globo online at www.oglobo.com.br. She was awarded Columbia University’s Maria Moors Cabot Prize in 2005. Close.

Miriam Leitao

Rio de Janeiro, Brazil

Miriam Leitao is a reporter and columnist for O Globo and Radio CBN in Brazil. more »

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February 6, 2008 1:07 PM

China’s Rise to Disaster

The Current Discussion: China's on a resource-buying spree, most recently paying US$13 billion for a stake in an Australian mining company. Is this a threat to your nation and its economy? To the world's?

I could say yes, China is a threat, because the obvious target of this particular movement is to counter the global aspirations of Brazil’s largest mining company, Vale. China is right now challenging Vale on a bid to buy part of the U.K.-Swiss company Xstrata, another global and diversified mining company. The Brazilian Vale has already made an offer to buy Xstrata, and now China is announcing its interest in buying a 34-percent share of the company.

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