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At the end of an LSE Public Lecture back in November 2022, I was asked by an astute Oxford graduate student whether Luiz Inacio Lula da Silva’s return as President of Brazil, the electoral victory of Gustavo Petro in Colombia and the shift to the political-Left which the South American region has seemingly once again taken would be a “major catalyst” for the international use of China’s currency, the Renminbi. And how would the US respond? An excellent question, and worth pursuing further… ....
The two BRICS partners strike a deal to ditch USD with the aim of easing financial transactions between the two countries and reducing trade costs. ....
The Brazil-China Business Seminar, attended by high-level government officials and business representatives from both sides, took place in Beijing on Wednesday, as the two sides vow to tap into the potential for future cooperation, especially in the digital sector and green development. ....