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How do their economies stack up?
China has a GDP of $10 trillion (adjusted for purchasing
power), accounting for 13% of the global economy. In comparison,
Brazil accounts for 3% of the global total, with a GDP of
$2.2 trillion.
(IMF World Economic Outlook)
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| The
United States had been Brazil's principal trading
partner for nearly 80 years, but now China is Brazil's
largest trade partner. (UK Telegraph) |
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How do their populations compare?
China has 1.35
billion people, accounting for 20% of all people on earth. In
comparison, Brazil has 195 million people, ranking fifth in
the world and making up 2.8% of the global population.
(UN Population Division)
Which country has the higher standard of living?
China has a per capita GDP of $7,500 (adjusted for purchasing
power), ranking 93rd in the world. In comparison, Brazil has
an average income of $11,300, ranking 71st in the world.
(IMF World Economic Outlook)
How do wages stack up?
Wages in China are still equivalent to about one-fourth of
Brazilian salaries.
(Bank of America)
How quickly have both countries reduced poverty in recent
decades?
In China, the number of people living below the poverty line
($1.25 a day in 2005 prices) declined from 60% to 16% between
1990 and 2005. In Brazil, the level fell from 15% to 7% over
the same period.
(United Nations Development Program)
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| Chinese
firms have bought stakes in Brazil's electrical
grid and are building car plants and a telecommunications
infrastructure in the country. (Washington Post) |
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Which economy has grown faster?
From 2000 to 2010, China’s GDP expanded at an average annual
rate of 10.3%, compared with 3.7% for Brazil.
(IMF World Economic Outlook)
Which grew quicker last year?
Estimated annual GDP growth for 2010 in China was 10.5%,
compared with 7.5% in Brazil. Among the other BRIC countries,
India grew 9.7% and Russia 4%.
(Wall Street Journal)
Do the two countries have close trade ties?
The United States had been Brazil's principal trading partner
for nearly 80 years, but a sudden surge in Chinese demand
for Brazilian iron ore in the first quarter of 2009 dislodged
the United States, making China Brazil's largest trade partner.
(UK Telegraph)
Just how large is their trade relationship?
Brazilian imports from China rose 12-fold from 2000 to 2009,
and exports increased 18-fold. China consumed almost 14% of
Brazil's exports in 2009 — and sent back almost 13% of Brazilian
imports.
(Reuters)
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| China
has a GDP of $10 trillion, accounting for 13% of
the global economy. In comparison, Brazil accounts
for 3% of the global total, with a GDP of $2.2 trillion.
(IMF) |
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What goods do they exchange?
Manufactured goods make up about 90% of what Brazil imports
from China, while Brazil mainly sends back raw materials such
as iron ore, oil and soy.
(Global Post)
How quickly has China ramped up its investment in Brazil?
In the first half of 2010, China's investment in Brazil topped
$20 billion, more than ten times all of China's previous investment
in the country. China was Brazil's largest investor in 2010,
compared with just 29th in 2009.
(Washington Post)
What was that money spent on?
Most of China's biggest Brazil deals announced in 2010 were
for commodities — including the $1.2 billion purchase of an
iron mine in the state of Minas Gerais and $7.1 billion to
buy the Brazilian oil operations of the Spanish company Repsol.
(Global Post)
What resource is China particularly interested in?
China wants to help realize Brazil's plans — estimated at
more than $250 billion — to tap its offshore oil reserves.
The China Development Bank has given Petrobras, Brazil's main
oil producer, $10 billion as a down payment on future business.
(Washington Post)
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| Manufactured
goods make up about 90% of what Brazil imports from
China, while Brazil mainly sends back raw materials
such as iron ore, oil and soy. (Global Post) |
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Beyond commodities, what other investments is China making?
Chinese firms have bought stakes in Brazil's electrical grid
and are building car plants and a telecommunications infrastructure
in the country. Chinese firms also have the inside track on
landing an important high-speed-rail contract.
(Washington Post)
Which country is home to more of the world’s biggest companies?
On the 2010 Fortune Global 500 list, China had 26 companies,
ranking behind the United States (139) and Japan (71). Brazil
lagged far behind, with just seven.
(Fortune)
Is corruption a problem?
Brazil ranks 69th place in the Corruption Perceptions Index
— making it the best-performing of the four so-called BRIC
nations. In comparison, China is considered the 78th cleanest
country in terms of corruption, close to India in 87th place
— while Russia, at 154th, ranks near the very bottom.
(Transparency International)
Which population trend have both countries experienced in
recent decades?
The fertility rate in Brazil fell sharply over the past half-century,
from more than six children per family in 1960 to about two
by 2000. This drop is comparable to that of China, but without
any government family-planning measures.
(Inter-American Development Bank)
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| The
China Development Bank has given Petrobras, Brazil's
main oil producer, $10 billion as a down payment
on future business. (Washington Post) |
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Which country is more "wired"?
In Brazil, 39% of the population uses the Internet, compared
to 29% in China.
(Comscore/ITU)
And finally, what’s one place in China where you can find
a strong Brazilian influence?
The largest Brazilian community in China lives in Dongguan
city, 56 miles north of Hong Kong. The 3,000-strong community
works mostly in the footwear industry, providing much-needed
expertise in shoe design that makes up for a skills shortage
among native Chinese.
(The Economist)
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