Yuan on the way to becoming the second w • Table.Briefings

An important step in a growing trend: In Brazil, more trade deals are being settled in yuan than in euro. Now, the country also wants to adopt the Chinese international payment system. This is by no means a solo effort by President Lula. The yuan is also gaining influence in other parts of the world.

Brazil’s President Luiz Inácio Lula da Silva is being accompanied to China by an impressive delegation: A total of seven ministers, five governors and more than 200 entrepreneurs and managers have flown with him to the People’s Republic for the five-day state visit. Brasilia wants to raise cooperation with Beijing to a new level.

Yuan on the way to becoming the second world currency

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