In her speech, Lula stated that, When I served as the President of Brazil from 2003 to 2010, I was honored to have participated in the G20 multiple times The summit organized by the organization also held many closed door meetings with Russia, India, China, and South Africa. At that time, we wanted to establish our own development bank. I always think about a question every night, why do all countries have to settle in US dollars? Why can't RMB or other currencies become international settlement currencies
Why cannot the BRICS countries use their own currencies for settlement? We have patience with this, and the Chinese know what patience is
Why can't BRICS banks provide loans in the currencies of their member countries? I know everyone is used to using the US dollar, but in the 21st century, we can do different things
According to previous reports, on the evening of April 12th, Brazilian President Lula and a large delegation arrived in Shanghai, China, embarking on a visit to China. This is Lula's fifth visit to China and his third state visit to China.
According to foreign media reports such as Agence France Presse and CNN, there are approximately 40 senior officials in the Brazilian delegation, including Brazilian cabinet ministers, governors, and members of parliament, as well as over 200 Brazilian business leaders. The delegation includes multiple ministers, including the Ministry of Foreign Affairs, Ministry of Finance, Ministry of Environment and Climate Change, Ministry of Agriculture and Livestock, Ministry of Science and Technology Innovation, Ministry of Mining and Energy, etc. This indicates that industries and fields such as agricultural products, iron ore, Earth resource satellites, 5G communication, semiconductors, etc. are all on Lula's economic agenda during his visit to China.
China and Brazil are important economic and trade partners of each other. In recent years, economic and trade cooperation between the two countries has been continuously deepening, bilateral trade has steadily developed, and investment cooperation has become increasingly active.
According to the Ministry of Commerce of China, in 2022, the bilateral trade volume between China and Brazil reached 171.49 billion US dollars. China has become Brazil's largest trading partner for 14 consecutive years and an important source of direct investment for Brazil. Brazil is the largest source of imports for China's soybeans, chicken, and other important agricultural products, such as corn, have also achieved exports to China and grown rapidly.
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