Brazil’s Growth Depends on China

October 6, 2010

In America, we often hear complaints about the trade deficit between China and the U.S. but seldom China’s trade with the rest of the world.

One example is Brazil.

On the streets of Sao Paulo, Brazil’s largest city, which is the commercial heartland of Brazil and home to 17 million, people are in a fever over China–but that fever is not the same as in the U.S.

With limited resources , China has been buying raw materials from all over the globe helping keep raw material prices up.  This has benefited Brazil.

China is the world’s most populous nation but only has 7% of the world’s fresh water, 3% of the globe’s forests and 6% of the land that grows food.

However, Brazil has what China does not have–water, forests and land to grow food on.

Today that has made Brazil the largest national economy in Latin America. In 2009, China moved past the U.S. to become Brazil’s largest trading partner. Source: Telegraph.com.uk

Trade between China and Brazil is not a one-way street. China is also investing in Brazil in areas such as telecommunications, pipelines, shipping, manufacturing, the oil industry, etc.

In fact, a BBC, World Service poll explored people’s opinions in 33 countries and discovered that China had almost twice the positive influence globally that the U.S. has. Source: Global Scan.com

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too. 

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