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Economy

Why settle in US dollars? "Lula said these words in China!

2023-04-17   

On April 15th, Brazilian President Lula concluded his state visit to China. When it comes to this visit to China, Lula gave a positive evaluation, stating that she is satisfied with the results of the visit. During the visit, China and Pakistan signed and reached a series of agreements and memorandums of understanding, covering cooperation fields such as technological innovation and digital economy. Lula has also delivered multiple talks on economic and trade cooperation, bilateral relations, and international geopolitics between the two countries, conveying three important signals. On April 13th, Lula visited the headquarters of the BRICS New Development Bank in Shanghai to attend the inauguration ceremony of the new president and former Brazilian President Rousseff, and delivered a speech. The Financial Times believes that Lula called for an end to the dominance of the US dollar in her speech. He said, "Every night, I ask myself why all countries need to settle in US dollars? Why can't we use our own currency as the international settlement currency? Who decides this?" Lula also said, "Why can't banks in BRICS countries have a currency to fund trade between Brazil and China, as well as between Brazil and other BRICS countries?" After the inauguration ceremony, on the afternoon of the 13th, Lula visited Huawei Shanghai Research Institute. Lula expressed her pleasure in visiting Huawei and meeting with representatives of relevant Chinese companies. She deeply admires China's achievements in 5G and other fields, hopes to expand cooperation in related fields between the two countries, welcomes Chinese enterprises to invest and cooperate in Brazil, and helps Brazil achieve digital transformation and low-carbon development. In recent years, China Pakistan's economic and trade exchanges have become increasingly close, and the amount of cooperation has continued to grow. Brazil is China's ninth largest trading partner, and China has been Brazil's largest trading partner for 14 consecutive years. On Geopolitics: "China is an important partner in improving global governance," foreign media such as France's 24-hour television website pointed out that "Brazil has returned" is another signal conveyed by Lula's visit to China. According to reports, during his visit, Lula stated that "the era of Brazil's absence from major world decisions has become a thing of the past. After inexplicably absent, we have returned to the international stage." Lula also said, "We hope to enhance the level of strategic partnership between the two countries, expand trade exchanges, and balance world geopolitics with China." Lula pointed out that China is an important partner in improving global governance, Pakistan is willing to strengthen communication and coordination with China in international affairs, jointly defend the interests of developing countries, enhance their voice, and jointly build a peaceful and stable world. According to Agence France Presse analysis, Lula is a representative figure of Brazil's left-wing faction, who has promised to place Brazil at the "core of a new global geopolitics". The Financial Times pointed out that since taking office as the President of Brazil in January 2023, Lula has been seeking to re-establish Brazil's position on the international stage and advocating for the establishment of a more multipolar world and the revitalization of multilateral organizations. Talking about bilateral relations: "The future of Pakistan China relations will be better" According to the report of Russia's TASS News Agency, Lula gave a positive evaluation in an interview with reporters, saying that he was satisfied with the results of the visit. Lula is in an interview

Edit:Hou Wenzhe Responsible editor:WeiZe

Source:chinanews.com

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