拉美因中国需求减少而降温

choi

Paulo Winterstein and Darcy Crowe, 拉美大宗商品花期已过 因中国需求降温. 華爾街日報中文網, May 30, 2013
http://cn.wsj.com/gb/20130530/bam124716.asp

, which is translated from

Paulo Winterstein and Darcy Crowe, Latin America Boom Starts to Fade; Slowdown in China, a Major Commodities Importer From the Region, Drags on Growth; Xi to Visit. Wall Street Journal, May 30, 2013.
http://online.wsj.com/article/SB ... 13462977983222.html

Quote:

"Chinese imports from Brazil, for instance, reached $44 billion in 2011, from just over $1 billion in 2000, before falling last year.

"Chile [] relies heavily on copper exports to drive economic growth,

"China accounts for about two-fifths of global metals demand

"Mexico is also slowing, though for different reasons. Mexico's manufacturing-oriented economy, which is more closely tied to the US, also slowed in the first quarter [Columbia is also slowing down, but the report does not explain why]

"Most of South America's exports are still tied to commodities and countries aren't able to quickly pivot to manufacturing, said José Francisco de Lima Gonçalves, chief economist at Fator brokerage in São Paulo.

My comment:
(a) The Original (English version, that is) has a graphic that is absent in the translation. My recommendation is to view the graphic first, to comprehend the bind Latin America is facing.
(b) Russia has tried to modernize itself since Peter the Great (1672-1725; reign 1682-1725), unsuccessfully. Latin America seems to follow in Russia's footsteps. Both blocs have resorted to exporting raw materials.