Brasil e China no Reordenamento das Relações ... - Funag

china economic developments, prospects and lessons
Figure 5 are calculated on a logarithmic scale, so the slopes of the lines
represent corresponding rates of growth. Up to 2004, both exports and
imports grew at between 30 and 40 percent, with imports growing slightly
faster, if anything. But beginning late in 2004 and becoming much more
obvious in 2005, import growth slowed, as already mentioned. This
slowing, not an acceleration of exports, caused China’s trade surplus
to open up. After 2004, China’s exports averaged roughly 25-percent
expansion compared to imports slower roughly 20-percent growth pace.
The slower import growth reflected repeated domestic efforts to cool the
economy and fight inflation, while the export pace had a life of its own
– driven by FDI and coastal investments designed purely to meet the
ballooning credit-driven U.S. and European domestic demand for Chinaassembled
manufactured goods. China’s trade surpluses increased, as did
its foreign exchange reserves. Meanwhile, China’s domestic economy
suffered overheated inflation through early 2008.
Figure 5. Foreign Trade Trends, 2001-2011
Sources: China Custom Statistics and author’s calculations.
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