It pays to be close trading partners with a rising nation. While other economies tank, could the China & Brazil relationship save Brazil? Professional financial analyst Igor Cornelsen gives his two cents worth during his CNBC interview.
“Towards New Economic Alliances: BRICS”
While some in the West might believe that their domination is guaranteed forever, there are some in the East on https://www.resume.com/igorcornelsen who have been busy making new economic alliances for the future. One such alliance is between what some experts believe are the 2nd (China) and 8th (Brazil) largest economies in the world. China and Brazil inked a $50 billion deal in May 2015 that had many important reverberations.
The 2016 Summer Olympics will be hosted in Brazil and China stands to gain prestige by being a close trading partner. The deal included Chinese donations of new metro trains and catamarans to the Olympic host city on http://templeofthecave.com/igor-cornelsen-shares-advice-for-investing-in-brazil/. There was also a $3.5 billion finance and cooperation deal between China Investment Bank and Brazil’s state-owned oil firm Petrobras. President Dilma Rousseff hoped “Brazil can direct Chinese cash to overhaul decaying infrastructure as the country’s tourist magnet Rio de Janeiro prepares to host” the Olympics.
“Time Stands Still For No Nation”
During his April 2016 CNBC interview, Igor Cornelsen discussed the importance of the relationship between Brazil and China when considering investment. As China continues to industrialize, it will need more imports to build its infrastructure and feeds its masses according to Igor Cornelsen.
Also, China is attempting to gain more international prestige for its products, currency and banks. In fact, the April 2016 opening of the Shanghai Gold Exchange was a monumental event on https://www.flickr.com/people/123443780@N04/, allowing the city to compete with New York City and London banking centers. Brazil’s closeness to China is sure to result in a “spillover effect” of coordinated financial growth.