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CNN CNN Newsroom Live June 4, 2024 07:41:00

Covid, but this highlights china s economic importance as the world s second largest economy, and also this potential shift. in the global order, something that she jinping is pushing hard for this and to the dominance of the us dollar for international trade. president lula is behind china on on this and during yesterday s visit to the new development bank in shanghai, known as the brics bank, lula called on developing countries to work towards replacing the greenback. let s take a listen. every night. i asked myself why should every country have to be tied by the dollar for trade? why can t we trade in our own currency? earlier this year, kim the two countries announced a deal to trade in their own currencies. that s ditching the dollar as an intermedia intermediary and you know, just this month, brazil s central bank announced that the yuan had overtaken the euro as the country s second largest international reserve currency. ....

Luiz Inacio Lula Da Silva , United States , International Trade , Development Bank , Brics Bank , Can T We Trade , International Reserve Currency , Central Bank ,

CNN CNN Newsroom Live June 4, 2024 08:44:00

Developing countries to work towards replacing the greenback. take a listen. okay no sort there, but he went on to say, why should we have to do business through the u. s dollar earlier this year, the two countries announced a deal to trade in their own currencies, ditching the dollar as an intermediary, and just this month, brazil s central bank announced that the yuan had overtaken the euro. as the country s second largest international reserve currency that is very significant now for lula, who took office in january . this is in fact his third state visit to china during his first presidency back in the early two thousand s. lula was particularly close to former chinese president hu jin tao, and during that partnership, china overtook the us as brazil s top trading partner and still remains. that to this day ....

Central Bank , Lula Da Silva , State Visit , Reserve Currency , United States , Trading Partner , Hu Jin Tao ,

BBCNEWS World Business Report June 4, 2024 10:31:00

Surged 10% last year to $150 billlion. they have moved to reduce reliance on the us dollar by setting up payment clearing in the chinese currency, the yuan. former brazilian president dilma rousseff is to be sworn in today as head of the new development bank a rival to the world bank and imf set by by the so called brics countries of brazil, russia, india, china and south africa. let s speak now to william jackson, who is emerging market economist at capital economics. xi has been signalling the post covid reopening of china by hosting a series of world leaders. what can we read into the fact that brazil s leader has been among the first? you are absolutely right. as china moves into its postcode environment ....

Dilma Rousseff , Payment Clearing , Development Bank , World Bank , Brics Countries , South Africa , William Jackson , Market Economist , World Leaders , Capital Economics , Postcode Environment ,

BBCNEWS The Media Show June 4, 2024 02:55:00

Who liked the predictability of the seven o clock news and what comes first and second and third. it does not speak to my generation, the post 90s generation or to gen z. and that will be an increasing challenge for state media to really speak to younger audience, notjust china, but around the world. so how they manage to co opt or work with the independence content generators who produce much more, by all means, much more snappy headlines, will be an interesting interplay to watch. and before i ask you howard, sean, i want to ask you, when you were in xinhua in beijing, did you have a sense that you are right in the middle of one of the most important chinese institutions in terms of how it positions itself in the world? because if you listen to yuan and joshua and others, clearly, that is where it is heading. put it this way, we had an army regiment on the office campuses. did you? we did! we knew it was lunchtime when they sang their patriotic songs. so you were fully aware. i was f ....

State Media , Notjust China , Around The World , Gen Z , Howard Zhang , Independence Content Generators , Sean Haines , Xinhua In Beijing , Army Regiment ,

BBCNEWS The Media Show June 4, 2024 02:38:00

Even the other big media organisations, when it comes to political meetings, take the text literally from xinhua, which is why ijoined them. because if you re going to be in china, you might as well start essentially at the top. did you see yourself as a journalist? no, i had no background at all. i mean, istudied media at university, but no, i worked in local government in the uk. so why did you do it? for love, basically. i met a girl and moved to china. she had a job there and so i moved for a holiday, and i thought, if i m going to be in this place, i might as well experience the country as close as possible. and to the point that howard and yuan were making, did you feel that your presence in a chinese media organisation like xinhua had extra currency because of the fact that you re british? 0h, of course. i m a face, that s what we call ourselves. so i knew i got in because i m from england, i m six foot and white, and i have ....

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