China International Political Economy

Russia and Brazil both signed separate China trade pacts for future supplies of energy according to AP and Marketwatch.

The China trade pact with Russia involves a $25 billion loan to Russia in order to design, construct and operate a cross-border crude pipeline in conjunction with OAO Transneft.

The China trade pact with Brazil involves a similar loan to Brazil for $10 billion to develop deep-water oil reserves recently found of the coast of Brazil and to allow for Petrobras to future supply of crude oil to China Petroleum & Chemical Corp. and the China National Petroleum Corp. for refining.