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Your email address will not be published.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

Brazil’s Radamí©s Rides Again

A prolific composer throughout his life, Radamés Gnattali (1906”“1988) is internationally known primarily for ...

Brazil Is in Doha, Qatar, for UN Conference on Financing for Development

Brazil will be participating in the Follow-up International Conference on Financing for Development to ...


It would be quite impossible to list all the great divas or up-and-coming divas ...

VarigLog Gets Until Wednesday to Explain Its Intentions Towards Brazil’s Varig

VarigLog, a former cargo transportation subsidiary of Varig, which was acquired by an investment ...

Brazil’s Cheap Cost of Living Is a Myth, World Bank Study Shows

A World Bank comparative study on prices and purchasing power has found that Brazil ...


Introducing the Jambalaya Jazz Festival taking place in Rio de Janeiro, Brazil, November 6 ...

Christmas Boom for Brazil’s Beggars

A few years I wrote an article about a woman selling sweets on the ...

Child Labor Seen as Good for Country and Kids by Brazilians

The International Labor Organization’s (ILO) projects coordinator, Renato Mendes, believes that child labor is ...

Christmas Season Doesn’t Bring More Jobs to Brazil

Unemployment in Brazil remained unchanged in October at 9.6% compared to the previous month, ...

Zero Tillage: a Brazilian green revolution

Zero Tillage: Why the Grass Is Greener on Brazil’s Side

Brazil’s large farms have long pioneered a green cultivation technique that boosts growth. Now ...