BRIC
The Panda Hugs the Tucano: China’s Relations with Brazil
Brazil is the largest developing country in the Western Hemisphere, and China is the largest developing country in the world.
Brazil-China bilateral trade in Real and Yuan instead of US dollar
The Brazilian Central Bank announced it had reached an initial understanding with China for the gradual elimination of the US dollar in bilateral trade operations which in 2009 are estimated to reach 40 billion US dollars.
