China and Brazil have reached a deal to trade in their own currencies, ditching the U.S. dollar as an intermediary, the Brazilian government said Wednesday. Source(s): AFP
They commented after China and Brazil — two major emerging economies and BRICS members — reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary. The deal will enable China and Brazil to...
China and Brazil completed a commercial deal in their local currencies for the first time, with transactions financed and settled in renminbi (RMB) and converted directly into Brazilian reals, according to the Bank of China Brazil...
The article reports on the importation agreement between China and Brazil. The deal will limit imports of Chinese textiles and apparel through 2008 after Brazilian officials argued that a continued surge of goods could do economic...
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Brazil and China are set to sign an agreement to expand cooperation in trade and services on the sidelines of the upcoming Group of 20 (G20) Summit to be held in China in September, a senior Brazilian official said on Wednesday.
New protocols between Brazil and China have opened the door for more grain trade, allowing two of the world's largest agricultural producers to shore up food security. Greater exports to China could create a more stable market for Brazilian producers, while for China, giving the green light to...
Karin Costa Vazquez, researcher at Fudan University and Senior Non-Resident Fellow at the Center for China and Globalization (CCG), indicates that President Lula’s visit to China is of great significance to both countries, and the yuan-clearing deal signals that both countries are invested in ...
2023 marks the 35th anniversary of space cooperation between China and Brazil. In an interview with CGTN, Marco Antonio Chamon, president of the Brazilian Space Agency, said the China-Brazil partnership is based on trust, has greatly benefited the Brazil
In the past year alone, this particular product garnered over 3,000 online orders primarily from European and American countries, generating an output value of 12 million yuan. This year marks the 50th anniversary of the establishment of diplomatic relations between China and Brazil. China has bee...