Earlier this month, Brazil’s Luiz Inacio Lula da Silva called on BRICS nations to come up with an alternative to replace the dollar in foreign trade, supporting China’s crusade against US global dominance just as he prepares to meet with President Xi Jinping in Beijing.
Brazilian President Lula lend his voice to China s efforts to shed the dollar s dominance and promote the use of the renminbi (RMB)/ yuan in overseas trade settlement