"Brazil’s industry ministry has launched a number of investigations into the alleged dumping of industrial products by China as Latin America’s largest economy reels from a wave of cheap imported goods. China’s exports grew 7.1 per cent in the first two months of this year, far outpacing growth in imports. “Prolonged declines in China’s export prices may cause trade tensions between China and some major economic powers to rise,” analysts at Nomura said in a research note on Friday. China’s exports to and imports from Brazil both rose by more than a third in the first two months of the year, according to Chinese customs data. The trade tensions create a dilemma for leftwing president Luiz Inácio Lula da Silva, who has sought to both nurture relations with Beijing and protect and develop Brazil’s national industries."
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