President Rousseff, accompanied by a 300-strong delegation, went to China with the aim of standing up to the Asian behemoth, declaring in Beijing that global economic growth and stability depend on “equilibrium between countries", and that “no country can hope to grow in isolation at the expense of others". The Brazilians are demanding trade reciprocity with China. The truth is that the trade complementarities between the two are no longer so clear cut - Brazil is now directly competing with China, not only internationally, but also in Latin America itself, which like everywhere else has been flooded with cheap Chinese manufactured goods in the past decade, challenging Brazil in its own back yard (see box below).
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