Rio Carnival, which begins Saturday, will this year partly Chinese. More and more costumes, which make the success of this traditional Brazilian festival, are made from synthetic fabrics imported from China, rather than made in Brazil. And this year, China has further strengthened its positions according to the Brazilian Institute of Geography and Statistics quoted by AFP, the Brazilian textile production fell by nearly 15% in 2011, while imports surged 53 %, mainly from China. This year, Brazil will have finally made that 15% of synthetic fabrics used for the carnival, reports the president of the Brazilian Association of Textile Importers (Abitex). This type of fabric, inexpensive and easy to maintain, is increasingly popular among Brazilians for carnival festivities.
Unbalanced relationships
The rise in imports of synthetic fabrics from China is emblematic of the relationship between the two countries. In 2010, China became the largest trading partner of Brazil, before the United States pay day loans. But Brazilian companies complain of the growing imbalance of trade relations. While Brazil exports mainly oil, iron and soybeans, the Middle Kingdom drinks market its products manufactured at low costs, which threaten local production. He also became the first foreign direct investor in Brazil, through acquisition, particularly in the energy sector, mining or production of soybeans. An imbalance compounded by the undervaluation of the yuan and over-valuation of the real. During a visit to Beijing last year, the Brazilian president, Rousseff, called for an upscale commercial relations between the two countries, making more room for products with high added value.
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