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China Makes a Power Play in Brazil and Argentina

Jun 2, 2017 | 09:00 GMT
The Funil Hydroelectric Plant in Itaiatia, about 160 kilometers west of Rio de Janeiro, Brazil. A drought from 2013-15 caused many power companies to switch from hydroelectric to thermoelectric energy, but at some cost.
(YASUYOSHI CHIBA/AFP/Getty Images)

The last two years have been hard on Argentina and Brazil. A sweeping corruption investigation and the impeachment of President Dilma Rousseff have sent Brazil's currency tumbling. The country's economy contracted by 3.8 percent in 2015 and by another 3.6 percent the next year. The Argentine peso, meanwhile, fell 40...

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