According to the latest news, the Brazilian government has recently reached an agreement with Chinese government that it will no longer be restricted to using the US dollar as the intermediate currency in the future, but can directly use its local currency for trade between the two countries.
Brazil, as one of the key South American market for MINGSHI Foreign Trade in recent years, with sales increasing year by year and receiving widespread praise. We consider this establishment of the local currency settlement system is a huge benefit for future business and immediately discussed with the clients, shared our company's views and suggestions, striving to complete the switch and win the first wave of dividends in the shortest possible time.
