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Commodities: Renminbi revaluation cannot solve nation’s woes

If the old marketing cliché “the customer is always right” was true in all situations, then Brazil’s latest moves regarding China would look like madness.

When a country is your biggest trading partner, is it really a good idea to complain?

That is what Brazil is doing. Even though China’s purchases of its iron ore, soy meal and other commodities helped Brazil weather the global economic crisis, Latin America’s biggest economy is now crying foul as cheap Chinese imports flood its markets, undercutting domestic producers.

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