Brazil Strongly Resists Dumping Of Chinese Goods

Former Brazil President Lulla believed that the two BRIC countries of Bazhong could get their own needs. So in the short span of a few years, China has poured into huge Chinese capital, bought mineral resources and crops, and bought large numbers of local enterprises in Brazil in the short span of a few years for China to fully open its investment and import businesses.

Brazil is also cheap to China based on the principle of reciprocity.

Now, when Rousseff, the successor of Lula, came to power, he found the seriousness of opening up.

For this reason, Rousseff held a weekly meeting called "improving China's competitiveness in Brazil's Global trade" every week since February.

Brazil president TIMA Rousseff has built up a middle class country in ten years. For this reason, Rousseff has ordered the recovery of the dying manufacturing industry.

Just last year, Brazil entered into the Chinese capital of up to seventeen billion US dollars. Bilateral trade volume reached fifty-six billion and two hundred million US dollars last year, making China surpass the United States to become Brazil's largest foreign capital and business partner.

What worries the Brazil government most is the Chinese products since two five.

Brazil's trade surplus with China last year was as high as 5 billion US dollars. Last year, Brazil's trade surplus with China reached US $five billion. China considers itself to be fair and reciprocal with Brazil trade. However, it is not difficult to find out if the price of iron ore has gone up exceptions last year, otherwise, there will be no surplus.

Brazil 40% iron ore sand

In contrast, a large number of Chinese products imported at low cost are eroding grass-roots manufacturing industries step by step.

What's more, fashion is popular. Chinese importers bring the handicraft products of indigenous people back to China and do a lot of imitation. They not only attack local grass-roots industries in Brazil, but also suffer from ethnic minorities in remote areas.

The ruling Labour Party has always sought to eradicate poverty and not allow the rich to monopolize wealth. Now it finds that cooperation with China results in the sale of mineral and land groups to the group of California, and the middle class is in a predicament of no competitiveness.

Brazil economists strongly question the purchase of minerals by Chinese capital. After all, China's state-owned and private enterprises are hard to distinguish. Even if they open private enterprises, they can not guarantee that there are no shares in the country. Once the land and natural resources of Brazil are acquired by China, the price of resources after being controlled is political price, not the market price of free economy.

Rousseff, the iron lady, is planning to take tough measures against China. In the short term, he will ask the customs to strengthen the inspection in addition to adding more duties to more specific Chinese products, so as to reverse the dumping of Chinese goods into Brazil.

As for long-term measures, it includes the demand for RMB appreciation, China's opening up of the market and more restrictions on domestic mineral company in Brazil.