Goods from Brazil to in­crease in 2016

China Daily (USA) - - BUSINESS - — XIN­HUA

De­spite de­clines in China’s ex­ports to Brazil, its im­ports from the South Amer­i­can coun­try have ac­cel­er­ated this year, with the growth rate reach­ing 17.3 per­cent year-on-year dur­ing the first five months, the Min­istry of Com­merce said last week. Dur­ing the past two years, Brazil has be­come the largest source of China’s im­ports of poul­try and beef, said Shen Danyang, spokesper­son for the min­istry.

Bi­lat­eral trade be­tween the two coun­tries wit­nessed steady growth over the past few years. Brazil is China’s 10th largest trad­ing part­ner, and is also China’s big­gest in­vest­ment des­ti­na­tion in Latin Amer­ica, Shen said.

The num­ber of China-in­vested en­ter­prises topped 200 in Brazil, and their di­rect in­vest­ment stock hit $3.88 bil­lion at the end of 2015.

Trade be­tween China and Brazil fell 9.5 per­cent year-onyear to $24.1 bil­lion dur­ing the first five months of the year, due to the weak global econ­omy and falling com­mod­ity prices, of­fi­cial data showed.

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