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attended the inauguration of the new bank in shanghai on thursday. the new development bank is set up by the brics group, and president lawler said the new financial institute freeze developing countries from establishment. a business reporterjoao da silva has more on the significance of this trip. the goal, in his own words, is to strengthen the relationship and at least when it comes to business ties already significant, china s brazil s biggest export market, each year buying tens of billions of dollars worth of natural resources and agricultural products, including soybeans, iron ore, oil, and beef. while brazil, according to chinese state media, is the biggest recipient of chinese investment in latin america. president lula da silva is more of it if he is to boost result s stagnant economy, that is why the brazilian government expects more than 20 bilateral agreements to be signed during his trip was not as part of the deeper ties, they have already agreed to allow ....
Deeper ties, they have already agreed to allow businesses to conduct bilateral trade in their own currencies instead of their own currencies instead of the us dollars. lula s visit tyseley mechanically with china s agender right now, tensions with united centre been intensifying and basing is looking to reduce its dependence on its largest trading partner. joao da silva there without report from earlier. it is notjust brazil, china has been urging other countries to settle trades with the chinese yaun, simply making inroads, in february and overtook the us dollar to become the most traded currency in russia. earlier on spoke with galvin sheoak from that markets and he told me that although chinese yaun settlements it is only happening incrementally. i think from a bilateral standpoint, certainly as was mentioned just now, pretty significant because of the importance of brazil as an export market chinese for brazil, soybeans being one of the major commodities being exported. i think ....
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