Brazil’s hard-commodity exports could take a big hit this decade as Chinese investment growth slows, said Michael Pettis, a professor at Peking University’s Guanghua School of Management. 
“The conclusion is inescapable: if China rebalances in the right way, you’re going to get a huge shift in demand from non-food commodities,” he said. “I’m very worried for countries like Brazil and Australia that will be very badly affected by a slowdown in China.”  
Such a rebalancing may come as soon as 2013 after a changeover in Chinese leadership.

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