Casa Robino

Economic giants in their own right, China and Brazil now turn to each other to protect their future from the impact of the US recession, as their economies have been largely dependent on exports to America.
In February 2009 China became the second largest trading partner with Latin America. China displaced the US as Brazil’s top trading partner. The value of Brazil’s two-way trade with China reached $3.2 billion in April, surpassing the $2.8 billion in trade between Brazil and the US.
The fastest growing economy in the world, China ranks third in terms of GDP with $4.4 trillion, according to the IMF. China’s growth is on course to overcome Japan’s (second largest GDP in the world with $4.9 trillion) within the next two to three years. Furthermore, economists estimate that given China’s growth, it can catch up to the US in the next quarter of a century.