For Latin America, China Both Friend And Foe

Forbes.com Bric Breaker
Kenneth Rapoza
January 24, 2012

Is China more friend than foe for countries like Brazil and Mexico? A study to be published in Americas Quarterly journal this week shows that the relationship is actually quite well balanced...

...Osvaldo Rosales, director of International Trade & Integration at the U.N. Economic Commission for Latin America and the Caribbean, wrote in the Americas Quarterly article that Brazil’s textile and apparel industry, along with industrial machinery and equipment, office machinery and non-metallic metals have all be hard hit by Chinese competition in the domestic market. Imports from China increased at twice the rate as imports from competitors elsewhere, rising by 39% versus the 18% from non-Chinese competitors...

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