Brazil and China might be on the opposite sides of the globe without much history to build upon. But this might be a good circumstance. Learn why Igor Cornelsen highlights the growing economic relationship between Brazil and China.
“Why Were BRICS Created?”
China is one of the proud nations on https://disqus.com/by/igorcornelsen/ that was colonized by the United States and England. It still remembers the time when “neither dogs nor Chinese were allowed in Chinese parks.” Brazil really doesn’t have a history of being colonized by the Anglo powers.
In many ways, the BRICS organization mirrors the Brazilian flag with a globe on it. While the Anglos primarily represent the North Atlantic, the BRICS (B is Brazil and C is China) can make claim to being a truly global organization on http://www.thestreet.com/story/12997973/1/investing-in-brazil-igor-cornelsens-top-3-tips.html. They are attempting to allow for other nations to make their voices heard.
“International Trade Agreements”
Financial analyst Igor Cornelsen discusses the synergies between Brazil and China in his April 2016, CNBC interview. Primarily, Brazil can offer foodstuffs, petroleum and prestige. A good example is the 2016 Summer Olympics where China provided new metro trains and catamarans to the host city.
There is a little competition too, in terms of oil production and industrial products. Although, during the May 19, 2015 China\Brazil trade agreement, China purchased $1.3 billion worth of 22 x Brazilian Embraer commercial jets for China’s Tianjin Airlines. These complimentary industrial agreements allow both nations to thrive and grow according to Igor Cornelsen.
Some investors are looking to Brazil as a way to diversify their European-rich financial portfolios. Igor Cornelsen notes that if Western economic productivity continues to decline, then Brazil’s link to the rising Eastern nations could help it weather any storm.