Brazil is keeping close track of events and performance of the Chinese economy, particularly those areas that might have an impact on the exports of the leading and largest South American economy.
Introduction In March, the yuan became the most widely used currency by China in cross-border payments, surpassing the U.S. dollar for the first time (Guancha, April 27). This rising usage of China’s currency has coincided with the government’s renewed push for “Renminbi (RMB) internationalization” (人民币国际化). On April 14, People’s Republic of China (PRC) President Xi Jinping and Brazilian President Lula …