Edison Chen
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China and Brazil are both large countries (of course, China is bigger) with roughly similar levels of income per capita. But over the past decade, China has grown much faster than Brazil, and almost all observers expect that to continue. This comparison of metro maps in Shanghai and Rio helps illustrate why. Both Brazil and China mix market economies with extensive government involvement, but China's public spending features a heavy tilt toward investments in infrastructure. Brazil spends more on civil service salaries and transfer payments. That Brazilian approach has considerable appeal in terms of lifting incomes in the short-term, but it means that Chinese spending is continually laying the groundwork for new opportunities and future economic growth.
Why the spelling is Xangai? LOL, português?

Why the spelling is Xangai? LOL, português?