The Debts of the Lenders: China's Silk Road to Latin America

Great article from Bloomberg.

“The potential for inter-emerging market trade is ginormous,” said Jim
O’Neill, chief economist at Goldman Sachs Group Inc. in London, who coined
the term BRIC in 2001 to describe the rising role of Brazil, Russia, India and
China. “That makes it quite difficult to see how you get a sustained global
recession because of what’s going on in the west.”

http://www.bloomberg.com/news/2010-08-01/new-silk-road-built-by-china-binds-asia-to-latin-america-with-global-trade.html