Chinese Commodity Thirst Grows, Secures Brazilian Oil Deal
February 23, 2009 at 10:56 AM EST
China Development Bank , one of China’s largest state-owned enterprises, has agreed to lend $10 billion to Brazil’s Petrobras ( PBR ) in exchange for a long-term supply of oil - the latest illustration of how Beijing is using the global downturn to further its domestic agenda. Money Morning first reported in January, that…