MercoPress. South Atlantic News Agency
The delicate balance of ‘cooperation’ and ‘competition’ between China and Brazil
Brazilian president Dilma Rousseff and her Chinese peer Hu Jintao will address the Libyan crisis and other issues related to the Chinese currency, Yuan, which has Brazilian manufacturers most concerned, anticipated the Brazilian Foreign Affairs ministry. Read full article
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Disclaimer & comment rulesChina has over the years destroyed most manfacturing companys
Apr 02nd, 2011 - 12:01 pm - Link - Report abuse 0in the west in part by undercutting them, and flooding the markets with cheap shoddy goods, thereby taking the lions share of the market,
most European markets and American markets now rely so much on china, that when or if the enevatible happens , a lot of people will get hurt, and many companys may well go under, exept of course for the likes of britain and germany, britain has not invested much in china,
at this point in time she has not much to invest.
On the other hand, as Germany has long defended her own industries, and invested in germany , she may well make a profit, china is now looking to south America , she would like to jump into bed with Brazil,
im not saying that brazil should not do buisiness with china, rather than be very carefull and protect her own industries, South America is open for trade, and the rest of the world is very interested, trade carefully or be ripped off, just my opinion.
It is truely a tough tiger to ride, but ride it we all must.
Apr 02nd, 2011 - 02:14 pm - Link - Report abuse 0Because once our once-great manufacturing bases moved their operations to cheap China, there was no turning back - one goes, all must go; a first rule of the economics of competition and pricing.
Brasil's low labour costs gave her a little leeway and a bit more time, but now it is time for her to ride the same tiger and address the same problems as the developed world.
Perhaps the value of the Yuan cannot be addressed by one country alone - and if the USA can't shift China then Brasil will not.
Bringing the Yuan into the global currency group will help, as will the gradual rise in the salaries and expectations of Chinese workers - but by then the balances of (trading) power may be set in a new stone.
In the shorter term, Dilma can address barriers to trade, tariffs, commodity price fluctuation problems, and the quality of goods traded to Brasil vis a vis the quality traded to the developed countries of the world.
So much to do and so little time - pity we did not start 10 years ago.
Basicly,an Economic System is structured on
Apr 02nd, 2011 - 03:14 pm - Link - Report abuse 0Total Employment/Total Population ( e/p)
US (e/p) = 154 millions/ 310 millions
CHINA(e/p) = 300 millions/1.5 billion is enough
to become World's No/1 economic power even by lower technology.
I use Chinamade computer - modem--mouse - browser...
I 'm listening music from Chinamade radio now...
There are Chinamade nightlamp ,clock ,telephone on my table......
......etc...etc...
Produce cheaper them , I buy.... if you can ...!
I'm sure the topic “dump the dollar” will also be discussed.
Apr 02nd, 2011 - 05:54 pm - Link - Report abuse 0When the yuan comes onto the world market, you can bet things will change, higher wages in china and inflation may help, but remember that well below china, but growing just as fast, as well as in population is India, historian have always noted that two giants side by side, will either be good for competition or bad for business, these two are not the best of friends, so i think china is very aware of this growing thorn in her side ??
Apr 02nd, 2011 - 06:35 pm - Link - Report abuse 0Commenting for this story is now closed.
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