China and Brazil have concluded an agreement on the bilateral trade in the Chinese yuan and are planning to expand the cooperation in food and mineral extractions sectors, the Chinese vice minister of commerce, Guo Tingting, said on Thursday.
China and Brazil are moving to a new level of bilateral trade. China has made a strong move to increase its economic influence in Latin America. Brazil s example could stimulate the displacement of the dollar from the Southern Common Market s (MERCOSUR) trade with China.