OpportunitiesandChallengesFacingChinaandMERCOSURintheContextoftheFinancialCrisis 3 07 experts.Inthepast20years , Uruguayhassentasubstantialnumberofofficialsand technologicalprofessionalstotailormadetrainingcoursesinChina. OntheUruguayanside , in2006 , FrigorificoCanelones , thelargestmeat refrigerationcompanyin Uruguay , obtainedapprovaltosetupChinasfirst whollyforeignowned meatimportingbusiness.Thisnew companysold25 tonnesofmeatinasinglemonthinShanghai.Itsmajorclientsaretophotelsand restaurants.Uruguayanbusinesseshavealsosetupwhollyownedcompaniesor jointventuresinBeijing , TianjinandLiaoning. 2.犃犖犲狑犛狋犪犵犲狅犳犇犲狏犲犾狅狆犿犲狀狋牶犆犺犪犾犾犲狀犵犲狊犉犪犮犻狀犵犛犻狀狅犕犈犚犆犗犛犝犚犜狉犪犱犲 ThefinancialcrisistriggeredbythesubprimecrisisinSeptember2008has hadanenormousnegativeimpactontheglobaleconomy.China , anactive participantineconomicglobalisation , hasnotbeenspared.BetweenNovember 2008andJune2009 , Chinasforeigntrade wentdownforeightconsecutive months , whichwasunprecedentedinits60yearhistory.SinoLatinAmerican trade , whichhadbeengrowingrapidlyuntilDecember2008 , alsofelldrastically duringthefirstfourmonthsof2009.Moreover , thefallwasmuchgreaterthan averageinChinasforeigntradeduringthesameperiod. Inthefirstfourmonthsof2009 , tradebetweenChinaandthetwomajor MERCOSURcountries , Braziland Argentina , also wentdown.Liketrade betweenChinaandmostothercountriesorregionsintheworld , asaresultof thefinancialcrisistradebetweenChinaandMERCOSURendedsixyearsofhigh growth.Anewstageofgrowthhasbegun , however. Chinaexports mainly manufacturedgoods , whileimportingprimaryproducts. Althoughthisisdeterminedbytheeconomicstructureofbothsides , aswellassupply anddemand , thereismorepotentialtobetappedinbilateraltrade. ChinahasatradedeficitwithMERCOSUR.Inthefirsteightyearsofthetwenty firstcentury , itsexport / importratioaveraged0.54 , orapproximately1∶2. 犜犪犫犾犲2 犛犻狀狅犕犈犚犆犗犛犝犚犜狉犪犱犲犅犪犾犪狀犮犲 , 20032008 ( 犝犛犇100犿犻犾犾犻狅狀 ) Year 2003 2004 2005 2006 2007 2008 Imports / Exports -58.16 -71.36 -73.33 -68.3 -90.1 -141.95 Exports / Imports 0.68 0.48 0.33 0.43 0.50 0.60 Source:GeneralAdministrationofCustomsofPRChina2009. ChinahashadatradedeficitwithBrazilforalongtime.Inthepastnine
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