Li Gang from the Institute of Foreign Studies: The local currency settlement of China-Pakistan trade. The fluctuation of the US dollar exchange rate has an adverse impact on importers and exporters


2023-03-31: [Chinese Article Link] Brazil has recently reached an agreement with our country to move away from using the United States dollar as an intermediate currency The agreement allows China, America's top rival for economic hegemony, and Brazil, Latin America's largest economy, to engage directly in large-scale trade and financial


Note: This is a machine translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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Li Gang from the Institute of Foreign Studies: The local currency settlement of China-Pakistan trade. The fluctuation of the US dollar exchange rate has an adverse impact on importers and exporters


2023-03-31: [Article Link] Brazil has recently reached an agreement with our country to move away from using the United States dollar as an intermediate currency The agreement allows China, America's top rival for economic hegemony, and Brazil, Latin America's largest economy, to engage directly in large-scale trade and financial

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.