China Overtakes US...

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Welber Barral, the Brazilian trade minister, said total trade between Brazil and China had amounted to $3.2bn (¡ê2.14bn) in April, representing a near twelve-fold increase since 2001.

The sum was greater than the $2.8 billion of imports and exports to the US and represented the second consecutive month that China had topped the trade table.

 

"It is a historic moment," he said, adding that he expected China to remain in pole position for the rest of the year because its economy is still growing healthily. "China is now a platinum account [for Brazil]," said Douglas Smith, a Latin American economist for Standard Chartered bank.

 

http://www.telegraph.co.uk/finance/economi...ng-partner.html