MercoPress. South Atlantic News Agency
For the first time since 2000, Brazil is expected to post a trade deficit
Brazil is this year, for the first time since 2000, is expected to post a balance of trade deficit which, according to the Brazilian Foreign Trade Association (Aeb), and should be in the range of 2 billion dollars. Read full article
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Disclaimer & comment rulesBlame it on the Botox Bitch, let's have a cat fight.
Jul 25th, 2013 - 09:29 am - Link - Report abuse 0Of course oil exports are down. USA oil demand is dropping every month as their domestic production increases, China's economy is in the tank and struggling to stay afloat as we see their investment in SA come to a screaming halt. All that is left is their brothers in SA and Argentina put up the copper curtain and outlawed imports.
The cycle has turned against Brazil India and China all 3 are teetering on the brink of recession with nothing coming and nowhere to go. I hope they have not squandered the last decade.
Jul 25th, 2013 - 12:18 pm - Link - Report abuse 0It is so easy for poorly run economies to fall back into their old ways.
China is worrisome, it has spectacular problems with very little cushion to get them through the bad times. The banks are insolvent, HUGE number of Ghost cities, 3 generations of wealth invested in bad property investments, slowing economy and 1000s of riots monthly in the Provinces. It is just going to take a little spark before the East Coast cities are on fire. It takes a lot of $ to feed that many people, let's see how long it takes them to blow through U$2T when the country is under civil unrest.
I am not at all surprised at these figures but I bet Mantega is.
Jul 25th, 2013 - 01:40 pm - Link - Report abuse 0Dilma needs to do something positive about managing the economy, getting rid of the liar Mantega would be a good start.
@2 One of China's biggest problems is a lack of water supplies. They have polluted so much of their own resources.
Jul 25th, 2013 - 01:54 pm - Link - Report abuse 04 We have lots of water here in Paraguay , could we sell it ?
Jul 25th, 2013 - 08:13 pm - Link - Report abuse 0@5 I think some of the 'stans' are already onto it.
Jul 25th, 2013 - 09:29 pm - Link - Report abuse 06 Nice one . But looking at the article the econmic trend of Brazil is very worrying. And one doubts if they know what to do . Spreading money around is easy when income is high . And when that collapses ? And now with the protests . I hope Rousseff keeps calm .
Jul 26th, 2013 - 12:03 am - Link - Report abuse 0Brazil is fucked, India is fucked, Argentina is fucked, I have seen it with my own eyes when I was there last year.
Jul 26th, 2013 - 04:16 am - Link - Report abuse 0But no offense, please don't speak about China without truly knowing the situation. I'm in China right now, studying Mandarin in Xiamen, and this country is DEFINITELY not fucked. The Western media is blowing a lot of stories out of proportion and full on lying because they know we want to hear China is fucked to make us feel better, it's what we want to read so it sells stories, gets viewership. China does have huge problems.....it is a HUGE country, but if one were to come here and see it in person, it's not at ALL what the Western media is trying to make it out to be, this country is truly booming and it's clear to see, and I don't think anything can stop it.
China can't feed itself, fuel itself nor turn profits in it's financial sector. Major manufactures are leaving China for less politically controlled countries....Malaysia is the new China. It does not take much to come across as “booming” when you start as underdeveloped to begin with. Their biggest problem is the way they manage their businesses.....as a communist country and not as a business.
Jul 26th, 2013 - 09:35 am - Link - Report abuse 0Sorry, but I have to disagree, I've seen China and Malaysia first hand. I'm in China right now. The media stories you're reading are biased.
Jul 26th, 2013 - 02:19 pm - Link - Report abuse 010 Mastershske . Please more information since you seem to have first hand knowledge .
Jul 26th, 2013 - 03:20 pm - Link - Report abuse 011Well, to be fair, I've only been to some of the more developed cities thus far: Shenzhen, Guangzhou, Xiamen, Quanzhou, Hangzhou, Shanghai, and Beijing, but I've also taken trains through much of the smaller towns along the way. Guangzhou, Hangzhou, and Xiamen are actually quite beautiful, and extremely developed, clean, not ANYTHING remotely related to what the Western media is saying about China.
Jul 26th, 2013 - 03:55 pm - Link - Report abuse 0I'll ATTEMPT to make this shortish. Lemme just say the infrastructure I've seen thus far has been kind of impressive, no matter where you come from, not at all what I was expecting. The cities are really clean, not at all what I was told nor expected, cleaner than Malaysian cities. There's a lot of pollution in and around Beijing, and some in Shanghai and a touch in Shenzhen, but other than that, I've found the air to be quite clean in the other cities...so far. Costs are a touch higher, compared to wages, than USA, true, but still pretty healthy relative to most of the world, and VERY healthy compared to Arg/Braz, and certainly doable considering how hard Chinese people are willing to work and how little they complain...which takes me to two very important points in which China is the exact opposite of Arg/Brazil: what astounded me when I first got to Guangzhou/Shenzhen is EVERYONE under 60 appears to be working/productive (exact opposite of Arg/Brazil). And they complain so little (another opposite of Arg/Brazil where complaining/protesting/resting is considered a profession).
The Chinese people have been VERY kind and friendly to me and other Westerners here thus far, not at all like thieving, conniving, accusatory Argies/Brazies. Argies and Brazies are great at first, but after a couple drinks they start talking about how shit your country is, and how you're responsible for all their problems, and then they try to steal from your pockets while you sleep at night. Not here.
Lastly, rule of law/crime...night&day compared to Arg/Braz. If you want more details, ask.
An attempt to shorten overly long previous reply, as well as to make it more relevant to the question posed ^:
Jul 26th, 2013 - 04:44 pm - Link - Report abuse 0from what I've seen thus far:
-China exudes, exemplifies, and embodies production right now
-the infrastructure is incredible and well priced (ie. cost of subway/train)
-the people work hard and complain little
-rule of law is respected, little crime
-VERY friendly to westerners, a genuine friendliness, not a fake friendliness to get something out of you
-cost of living to wage ratio in China is higher than USA, but lower than most the world, and FARRRR better than Brazil/Arg, just a tad higher than Malaysia, but Chinese work harder and complain less than anywhere I've yet seen
--lastly, Malaysia's economy, from what I saw while I was there, was comprised mostly of palm plantations/palm oil (too much like ArgBrazil for my liking), very competitively priced international flight hub, and being kind of a secondary financial and international trade hub to Singapore being the primary one in the region,..and a touch of tourism
I did not see much in the way of manufacturing or exports from Malaysia aside from palm oil. The countries trying to take a piece of China's manufacturing pie are Vietnam, Cambodia, Indonesia.....and while they will probly take a piece, they'll probly never take more than just that, a piece, in my opinion. I liked Malaysia...but it too has a very dark side, like how one loses his ethnicity and Bumiputera and benefits if he/she renounces Islam, how they treat each ethnicity differently, how women there are not allowed to convert away from Islam, and a recent poll in Malaysia found that 58 percent are in favor of execution as penalty for leaving the Muslim faith...
the corruption in the last election in Malaysia was also pretty flagrant and rampant...ink on fingers to determine if they had already voted? kind of ridiculous, like a bad joke, how about a computerized system....? and the handouts right before the election.......and the ridiculous war over Sabah with those militant Pinoys right before the election....that was quite the spectacle
Jul 26th, 2013 - 05:31 pm - Link - Report abuse 012 Mastershake . Many thanks for your very interesting post on China . It is very much what I thought . Hard working people , modern cities and friendly to foreigners .
Jul 26th, 2013 - 08:06 pm - Link - Report abuse 0Only one problem......MP is not an accessible site from mainland China. That's a fact.
Jul 27th, 2013 - 01:51 am - Link - Report abuse 0lol, and this “fact”, is from what reputable source? I'm in China right now, not using a VPN and accessing Mercopress with ease. The ONLY sites that I frequently use, but have found blocked, thus far, in China, has been Facebook and Youtube. NYT is also blocked...but I rarely visit that site anyway, all the other Western news sites work fine, even bit torrent works, and gmail works.
Jul 27th, 2013 - 03:09 am - Link - Report abuse 0http://www.blockedinchina.net/
Jul 27th, 2013 - 03:17 am - Link - Report abuse 0You can test for yourself here if a website is blocked in China or not.
Apparently that website isn't 100 percent reliable. As I just tested “gmail.com” and it said “blocked”, but it isn't blocked here. Gmail here sometimes loads slowly or times out, I think the gov likes to sometimes make it more of a pain in the butt to access gmail than to access the local services, but it always works in the end, at worst I'll have to reload the page twice to get it. I'd say 60 percent of the time Gmail loads same as in a Western country, 25 percent of the time it loads slowly, and maybe 15 percent of the time it times out and I have to reload the page.
Jul 27th, 2013 - 03:21 am - Link - Report abuse 0Commenting for this story is now closed.
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