• Categories
  • Archives

Brazil Hoping Boost of Yuan Will Help Selling Airplanes to China

The recent decision by the Chinese government to raise the value of its currency, the yuan, by 2.1% was not seen as having much effect on trade relations with Brazil.

According to the acting minister of Development, Ivan Ramalho, the modification was small and will not change anything.

“We see this more as a signal that the Chinese will permit the yuan to float. That is good for us in the mid- and long-term, because we can export more manufactured goods to them as they become cheaper for Chinese consumers,” said Ramalho.

He added that basic product exports, such as soy and iron ore, which are Brazil’s biggest export items to China, are exported under the terms of contracts. New contracts reflecting the new situation will take time.

Ramalho pointed out that Brazilian exports to China are concentrated in basic products and that the modification in the exchange rate will be an incentive to diversify.

“Although China is highly competitive in many areas, it is a net importer. We can sell them machinery, airplanes and vehicles, for example,” concluded Ramalho.

Agência Brasil


  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


You May Also Like


Why insist on playing with fire, which is precisely what this government and its ...

Brazil Usmatic

Brazil Mission to Africa Brings Over 500 Contacts and US$ 36 Million in Deals

The Brazilian trade mission to North Africa, which ended, Tuesday, June 5, should yield ...

Analysts Revise Brazil’s GDP Growth 14th Week in a Row, to Over 7%

Brazilian financial analysts have revised their economic growth projection for this year upwards for ...

Brazil Youths Wants Bigger Participation in Politics

Brazil’s urban youths would like to participate more in the country’s civic and political ...

In Defense of Brazil

The United States might never have survived long enough to become an industrial giant ...

Brazilians Fall in Love with Narghiles

About four years ago, Nizar Escandar, a grandson to Syrians, established Empório do Arguile ...

Varig Ticket Holders Stranded in the US Can’t Go to Brazil

Passengers in the United States holding Varig tickets have been abandoned by that bankrupt ...

The Big Winners in Honduras Are Lula and Brazil’s New Moral Authority in LatAm

Five months since the coup d'état and the situation in Honduras only complicates itself ...