A meeting between Brazil's President Luiz Inácio Lula da Silva and China's President Hu Jintao is expected to strengthen the two nations' growing economic ties. China already trumps the US as Brazil's top trading partner.
For the first time in three decades, the US and Brazil have a military agreement. Brazil is shopping for 36 new fighter jets, and the US is trying to counter growing Russian and Iranian influence in Latin America.
The Venezuelan president touts Beijing's $4 billion investment as another punch in his bid to undermine US clout. China is more pragmatic.